At IIT Mumbai, Job Letters turn into Pink Slips:

The Indian Express

Updated:
May 04, 2002, 00:00 AM IST

Sleepless nights, gloomy faces, tired looks and red-shot eyes. It‟s not just the morning after
the farewell parties at Powai‟s Indian Institute of Technology (IIT).

The students are living the nightmare of the economic slowdown: letters of deferred and
withdrawn jobs are trickling in and an increased number of students are joining the list of the
unemployed.

This year, 120 out of 500 students are left with no jobs, no scholarships abroad and no
option but to join the millions surfing the Internet for 'jobs.' While around 60 students.
had not been picked up by any company, the number of jobless rose to 120 when lnfosvs,
SLM Software and Tata lnfotech sent regret letters asking students to look elsewhere for
jobs. While TIL 'deferred' 11 jobs and SLM Soft 22, Infosys dropped 60 students. Out
of the 93; about 30 had other options.

The letter of regret from lnfosys (dated April 16 but landed at the institute on April 22}
was the "real shock. "Please inform the students to look for other options/alternatives and
not to expect any employment from us," said the letter from the company which is now
headed by Nandan Nilekani, arguably IIT Powai's most-famous alumnus.

Ashwini Tank from Jaipur came to IIT four years ago and landed a job with Infosys
in July through campus recruitment. By the time the letter of offer arrived in January, he
had taken his GRE and secured a score of 2100. .

"After my offer letter came, I gave up any plans of studying further as I was very happy
with the job. I am good at programming and coding and that is what I wanted to do.
But now, in April, thev have sent their regret letter asking us to look for other options.
But we have no options left. My computer has a new folder and it is called „jobs‟ “ says
Tank.

Students say the letter came when there were hardly any more companies coming to
recruit, and when it was too late to apply for a US scholarship. “When the offer letter
had not come till November, I started calling up the institute to ask if they had any plans
to defer our jobs. But they kept denying it and in fact, in Januarv, finally our letters
came," says Tank. "But suddenly on April 22, they sent us a regret letter asking us „to
look for other options'. “But where are the options? Is this any time to look for other
options?" Another student, who was also picked up by Infosys asks: "Why did they
present themselves as unaffected by the slowdown when they sent us offer letters?
Why are they recruiting fresh students In the first place when those recruited from
the last batch are simply sitting on the bench?" Even as most other IIT‟s received regret
letters from Infosys which has deferred jobs to ,300 students it had promised to
recruit this year, Mumbai IITians still had hope - maybe because at the helm of affairs
is one of their alumni. Rahul Joshi. who comes from Jharkhand, says: "My entire
family was banking upon me to get this job so that, I could support them. I still h a v e n ’ t
told them. I don't know what to do next."
When contacted in Bangalore, Infosys denied that it had cancelled any job offers. "No
offer has been cancelled. The initial letter was an intent of offer. However, we can‟t
confirm a date when we will be able to recruit. In the meantime, they are free to pursue
other careers or look for other option," said the company's spokesperson.

Said Tata 1nfotech Managing Director, Nirmal Jain: "Yes, we have asked couple of
students to look around as the current position is very tight. In fact, we are just following
the industry trend as most of the companies are unable to take students whom we have
offered jobs." He added: "We are not offering any compensation to the· students whom
we have asked to look around. But we have promised them that as and when things
improve they would be the first people to get the positions."

The situation has prompted IIT-Mumbai to reassess its placement policy. N S Rathi,
placement officer of IIT Murnbai, says Mumbai based SLM Soft too sent a letter deferring
jobs, for 22 students owing to a recent merger. "All IIT‟s are now planning to go back to
the old method where the process of placements would begin in October and not July. It was
only with the coming of the IT boom that we were forced by the companies to start
placements in June but now as uncertainty is rising, it is only best that placements take place
late. .

The llTs have already extended their placement process by a month. But for the present
batch, it may be a bit too late says Nischaya Gera, „student placement coordinator:"120
is an unachievable number to place within a month,"

(Some names have b e e n changed to protect the identity of the

students) Source: The Indian Express May, 2002 ( JAYSHRl BAJORIA)