Indian IT industry anytime soon, engineering colleges are redrawing their strategies to attract more job offers in a tough placement season.
Many of these colleges had earlier told ET that they were expecting IT/ITeS firms to step up hiring in the first half of 2024, which marks the second half of the placement season. But now that prospect is looking increasingly bleak.
With several other sectors such as technology and startups scaling back recruitment, institutes are exploring all avenues to ensure that as many students as possible graduate with jobs. From top league institutes like the Indian Institutes of Technology (IITs) and others like the National Institutes of Technology (NITs) to government engineering colleges in states, and private engineering colleges — all are expanding their recruiter list between 25% and 100% compared to previous years; tapping other sectors and even reaching out to alumni to seek help, placement officials told ET.
In the earnings announcement for the fiscal second quarter, India's second-largest software services firm Infosys said it will skip hiring from colleges this year. IT recruiters, both IT services and IT product companies, hire in bulk from engineering colleges. Last year too, these firms made comparatively lower hirings from colleges but this year, it is likely to get even worse, according to placement officials across campuses. ET had earlier reported that