Fall of IT/ITES

IT and ITES down trend has drastically reduced the campus placements across the globe. Many IT giants have cut down their target hiring and almost stopped hiring highly paid professional. They have taken this critical decision by considering the future growth aspects and expected shortfall in the net profits. Major IT players, who contribute to financial and non-financial services sectors, have almost declared that they are planning to cut down the staff strength to the possible extent. Global economic melt down has almost put a comma, for campus placements. Especially the technology based educational institutions are facing severe employment restrictions and getting the students placed with very lower packages compared to past six years.

The research reports published in past four moths clearly refer to reasons such as IT or ITES downtrend to be the major and specific cause for decreased employment opportunities for campus students. However, the trend in past few years is also revealing that students are not showing specific interest towards the IT and ITES placements as they are expecting various hazards in these employment segments due to changing trends. This reduction in the student count for IT education is showing an increased impact on management education as the student community is highly influenced by the analysts and the media that the next best opportunity after IT or ITES is management vertical. However, the upcoming youth class is more interested towards other fields of study rather than IT or technology as they are highly terrified with the sudden downtrend of the total segment due to various other economic related reasons.