IIT Madras to Witness 80% Drop in Startup Recruitment this Placement Season
Interestingly, no startup is going to take part on the Day 1 of the recruitment process at Indian Institute of Technology, Madras.
The placement season at Indian Institutes of Technology (IITs) are scheduled to begin from December 1, 2016. However, only 20 startups have confirmed their participation for this placements season at Indian Institute of Technology, Madras. Last year, a total number of 95 startups participated in placements. According to All IITs Placement Committee (AIPC), all the IITs across the country are facing the same issue. The void will be filled by some of the core companies this year.
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Interestingly, no startup is going to take part on Day 1 of the recruitment process at IIT-M. On the other hand, e-commerce giant Flipkart has decided to stay away from the current placement season. Kaustubha Mohanty, AIPC Convenor explained that Flipkart did not provide genuine employment opportunities and delayed the joining dates of the candidates. The company will have to fulfill last year’s commitments, and only then it will be allowed to take part in the placement sessions conducted at the premier institutes. If the company fails to do so, AIPC will blacklist the company.
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Mohanty further clarified that there exists no apprehension at the committee's end with the fact that less number of startups are participating this year. The main objective of AIPC is to see whether the companies are providing genuine employment opportunities or not. The committee does not want these startups to play with the careers of the meritorious students.
A total number of 30 companies including 28 startups were blacklisted by the All IITs Placement Committee (AIPC) in the month of August 2016. Around 12 companies were issued warning letters. None of them will take part in the current placements season. Around 420 companies are expected to offer 1,400 jobs to the students of Indian Institute of Technology, Madras this placement season.