Will Global Layoffs Hit IIT Placements? Faculty Hopeful of Offers But Start-Ups Already Pulling Out

Amid global layoffs by tech giants, faculty and students at premier technology and management schools — Indian Institute of Technology and Indian Institute of Management — in the country are hopeful that placements this year will see a “good” number. Faculty members across these institutes said even though there are concerns, a good number of students have already landed pre-placement offers based on their summer internships, and the regular tech companies are still registering with them. We have taken both psychological and academic measures to address the situation — we have set up counselling sessions for students to not get bogged down by the global scenario while, academically, students can defer placements by a year and meanwhile work on their own start-ups for which they will continue to get credits, and they can apply for placements again next year,” said prof Tushar Jain, faculty advisor, career and placement cell, IIT-Mandi, which doesn’t necessarily stick to the December-May placement cycle. But, this year, many students have already bagged PPOs,” said a senior faculty member, closely associated with student placements at IIT- Kanpur, who didn’t wish to be named. The face-to-face recruitment processes for full-time hires will commence on December 1 and will go on until the end of May 2023.” But faculty members at the IITs also said while the increasing trend in the number of PPOs is good, which happened because of strong internship programmes being conducted, it doesn’t necessarily mean that these are the final job offers that students might be looking at, as they still may want to look for better options when a bulk of companies come down to campus.