Not just flipkart, others too renege, leave recruits, colleges on edge

1. Not just Flipkart, others too
renege, leave recruits, colleges
on edge

2. Contd…
V Koushik was the star of his batch at Chennai's SRM University . He was among the
first to bag a placement and finished his engineering course with top marks. A year
on, he is still waiting for a joining date from L&T Infotech. “When I sat for the
interview, I had no clue that such a cruel joke would be played on me. I've been
jobless for over a year now despite being the varsity topper,“ he told TOI.
Like Koushik, scores of engineering graduates in Hyderabad and Chennai have jobs
only on paper. Instead of preparing to plunge into work life, they are protesting on
the streets, shouting slogans and sitting on hunger strikes.
Dejection and distress have wiped out the self-assured smiles of placement days as
one after another, leading tech companies rescind job offers made months ago.
While L&T Infotech withdrew its offers in 2014, Flipkart dealt a shock to its IIM and
IIT hires this year by deferring joining till December. Several startups too followed
suit. L &T Infotech has with drawn offers it made to about 1,500 engineering
students at the end of 2014.

3. Contd…
I got an offer letter from L&T Infotech in October 2014.While the company
promised a joining date in 2016, my employment was rejected on the basis of a
surprise assessment test,“ said Shiva Govind, a Hyderabad-based BTech student
who is back to job-hunting. “Although I have a job in hand from an engineering
college in Hyderabad, their salary is much less than what L&T offered me,“ he
added. Despite repeated attempts made by TOI, officials from L&T Infotech did not
respond to emailed queries or phone calls over the past week.
The new-economy shockwave has unnerved fresh hires, many of whom were
cherry-picked by startups. Even IIT and IIM graduates are not proof to the vagaries
of recruiters this year as some firms have issued “deferred letters of intent“ over
the past few months, and some have even pushed back joining dates to as late as
December 2016. Logistics startup Roadrunnr is one of them. “Roadrunnr has
communicated that the candidates' onboarding is deferred for no longer than
December 1,“ said Babu Viswanathan, placements adviser at IITMadras, adding,
“The company informed that since it was expanding its infrastructure in other cities
too, it would like its candidates to join in December.“

4. Contd…
Roadrunnr, however, claimed placements have been deferred to
September, not December, due to onboarding li mitations. “We
recruited 45 people from five or six campuses across the country . We
have split the onboarding into two batches -one batch of 30 candidates
in June, and the other with 15 in September,“ Roadrunnr founder
Mohit Kumar told TOI. He said onboarding takes a month and they
have limits to the number of people they can bring on board every
month.
Auto portal CarDekho and mobile advertising firm InMobi have delayed
the joining dates of their IIM-Bangalore hires citing project timelines.

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