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Monday, August 11, 2008

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.

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To read the ePaper, visit: http://epaper.hindustantimes.com

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