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My name is Chandana and I'm a software engineer. In this channel I speak about various topics in software industry , my life style, and my daily activities.
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Lowest Recruitment in Two Decades:
The IT sector experienced its lowest fresher recruitment in 2024, hiring only around 80,000 candidates, compared to around 6 lakh in 2022 and 3 lakh in 2023.
Impact on Graduates:
Even graduates from prestigious colleges and universities, despite spending 20-25 lakh on their education, are facing difficulties in securing jobs.
Contributing Factors:
Wars and Geo-Political Tensions: Global instability has led to cautious hiring practices in the IT sector.
Generative AI: The rise of generative AI and automation technologies has reduced the need for large-scale human recruitment.
Big Names Missing from Campus Recruitments:
Major IT companies have significantly reduced their presence in campus recruitment drives, leading to fewer job opportunities for fresh graduates, especially from Tier 2 colleges.
Tier 2 Colleges at a Loss:
Students from Tier 2 colleges are disproportionately affected by the recruitment slump, as these institutions rely heavily on campus placements for student employment.
Employability Concerns:
There is a significant gap in employable skills among fresh graduates, which makes it challenging for companies to hire them without additional training.
Lack of Support for IT Companies in Tier 2 and Tier 3 Cities:
The insufficient support from the government for IT operations in Tier 2 and Tier 3 cities limits the expansion and job creation potential in these regions.
Need for Curriculum Overhaul:
The college syllabus needs to be updated to reflect current industry trends and demands, ensuring that graduates possess the necessary skills to be employable.
Positive Outlook for FY25:
Despite the current challenges, there is optimism for fresher hiring in FY25. Companies like TCS have already started recruiting from colleges, and Wipro and Infosys are expected to follow suit.