With the layoffs and hiring slump in the information technology (IT) sector ringing alarm bells, engineering colleges are beginning to take a safer route this year: focusing on core engineering, followed by manufacturing, automobile and consulting.
Ahead of the final placement season for 2023, which begins in July, campuses are also inviting more firms for placements and, more importantly, tapping into stronger, better-performing sectors.
The IT sector's overall participation in placements this year is expected to be bleak, though the colleges say none of the offers made to their students has been withdrawn.
The share of hiring from the IT