New IIMs see slowdown in placements, several recruiters withdraw offers

Sources at its placement cell said they have also cancellations from recruiters

Newer Indian Institutes of Management (IIMs) are experiencing a cold placement season this year. These IIMs had started placements earlier but several recruiters are withdrawing offers.

Economic factors such as, rising automation and US visa issues are among the reasons recruiters across sectors such as information technology, fast-moving consumer goods and banking, financial services and insurance have gone slow on recruitments, say newer IIMs.

IIM-Udaipur, for instance, has a batch of 144 students participating in final placements, which began on November 30, 2016. But it is yet to place 20 students.

IIM-Trichy has seen a dip in