Infosys extends joining time of new recruits
It is apparent that the signs of global economic troubles are affecting Indian firms. IT bellwether Infosys has extended the joining time of new recruits to June 2013 while emphasizing there is no freeze on campus placement drives. Infosys had made around 28,000 offers at the campus placements during the August-September period last year. Engineering graduates who were offered jobs at campus placements have started receiving their joining dates, which extend anywhere from September 2012 to July 2013.
For a company struggling to match industry growth rates, this may erode its perception on campuses besides raising further investor scrutiny at a time it is seeking to pursue a changed strategic direction with higher focus on software products and business platforms
Source: The Economic Times