For probably the first time in a decade, a bunch of tech majors are delaying campus hiring and cutting back on new job offers.
This mess has students and educational institutions seeing red.
For the students at IIM Ahmedabad, this placement season has not been sugar and spice and everything nice. They are learning the hard way that passing out of a top tier institute with an offer letter from a well-known unicorn does not give you an instant ticket into the startup world.
Flipkart is not the only tech company to have decided to defer the induction of 28 management graduates from IIM Ahmedabad and IIM Bangalore. Even InMobi, HopScotch, RoadRunnr, and Click Labs have taken similar decisions, and in some cases, the deferral is as long as 6 months.
Forget start-ups in the new-technology and e-commerce space, even midcap I-T services firms like L&T Infotech seem to have been bitten by the deferral bug. L&T Infotech has reportedly deferred the joining dates for 1,500 students a full 19 months after presenting these students with letters of intent at campus placement drives.
This has sparked protests in the form of a hunger strike in Chennai with students saying the company's excuse that these students have failed an assessment test is pure bunkum.
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