Information Technology firms slow campus hires
From Matrimonials to swank offices, software engineers have been much sought after since the information technology boom brought thousands of lucrative jobs into India. Times are changing, though.
As the US economy goes from bad to worse, India's biggest outsourcing customer is getting stingy about placing new orders.
The result: IT firms are hiring less and offering less as they pick talent from campuses. In some cases, they are even refusing to go through with offers they've already made.
This is the first time since the outsourcing boom began a decade ago that IT companies are dragging their feet on campus hiring, placement officers at colleges across India told Hindustan Times.
To read the full article, click here...
To read the ePaper, visit: http://epaper.hindustantimes.com
As the US economy goes from bad to worse, India's biggest outsourcing customer is getting stingy about placing new orders.
The result: IT firms are hiring less and offering less as they pick talent from campuses. In some cases, they are even refusing to go through with offers they've already made.
This is the first time since the outsourcing boom began a decade ago that IT companies are dragging their feet on campus hiring, placement officers at colleges across India told Hindustan Times.
To read the full article, click here...
To read the ePaper, visit: http://epaper.hindustantimes.com
Labels: campus, colleges, customer, hiring, India, IT, IT companies, outsource, placements, Software engineer, talent, US economy
posted by PressMart Team at
10:14 AM
1 Comments:
Most of the U.S. IT outsourcing work has moved out of India to other countries such as Philippines, Romania, Ukraine, South America, and other parts of the world. The Indian IT workforce became too greedy and started to switch jobs so often that it became unfeasible for any sane employer to continue expanding in India. The IT employees wanted only one thing and that was money.
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