News: IT companies defer campus hiring by 3 months to September

Campus Recruitment

IT companies defer campus hiring by 3 months to September

Information technology companies have put off campus recruitments by three months to September 2012, saying they had delayed visits to engineering colleges because of "operational reasons". Industry insiders, however, attribute this to the slowdown the industry is facing. According to industry body, Nasscom the industry would recruit two lakh engineers in 2012 despite economic gloom in the West and other slowdown flags hoisted on the tech horizon.

Information technology companies have put off campus recruitments by three months to September 2012, saying they had delayed visits to engineering colleges because of "operational reasons". Industry insiders, however, attribute this to the slowdown the industry is facing. According to industry body, Nasscom the industry would recruit two lakh engineers in 2012 despite economic gloom in the West and other slowdown flags hoisted on the tech horizon.

Exports from the IT sector are set to slow down further this fiscal. Nasscom has predicted a growth rate of 11-14% for the industry in FY13, compared with a projected 16.3% in FY2012. The lowering of growth estimates is because of the reduced spending on technology by US corporations, the debt crisis in Europe and the political unrest in the Middle East.

Source: The Economic Times

Read full story

Topics: Campus Recruitment, #Updates, #Jobs

Did you find this story helpful?

Author


QUICK POLL

For how long do you think the current pandemic situation will impact the world of work?

On News Stands Now
q_auto,f_auto/v1583398016/mag-march-2020.png

Subscribe now to the All New People Matters in both Print and Digital for 3 years.

.

Subscribe
And Save 59%

Subscribe now

Join the webcast on "Decoding business continuity & expense management in times of crisis"