Economic Downturn Affects Campus Placements: BITS Pilani, IIM Lucknow Seek Alumni's Help

Following the footsteps of IIM Lucknow, the Birla Institute of Technology and Science (BITS) Pilani, which boasts a campus in Hyderabad as well, has reached out to its alumni network for assistance with job placements amid the ongoing global economic downturn. Several students acknowledged a noticeable reduction in job placements this year.
IIM BITS Jobs

Owing to a tight job market, premier institutions are reaching out to their alumni for help with placements.

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Following the footsteps of IIM Lucknow, the Birla Institute of Technology and Science (BITS) Pilani has reached out to its alumni network for assistance with job placements amid the ongoing global economic downturn. A letter that found its way to social media, penned by Arya Kumar, the dean of alumni relations, underscored the widespread uncertainty affecting recruitment at various levels, including on-campus hiring, urging alumni to “help them tide through the current crisis” as the “hiring slowdown has only deepened” in recent times.

Global Economic Downturn and Its Impact

“You are well aware of the current industry downturn and its effect on businesses and prospective hiring. The global economy has not experienced this kind of slump since decades,” he remarked, noting the particularly severe impact on the technology sector, which has seen approximately four hundred thousand employees laid off worldwide since January 2022.
BITS Pilani faculty members have verified the authenticity of this letter. Discussing the domino effect of global uncertainty, marked by a funding winter, the dean highlighted the ensuing budget cuts across both small and large enterprises, affecting hiring at every stratum, including campus recruitments. Kumar pointed out that despite these challenging times, BITS Pilani has remained resilient, with the placement rate for the 2022-23 academic year at a robust 89.2 per cent across its Indian campuses. “Since then, however, the hiring slowdown has only deepened. Although the placement teams are doing their best, they would be very appreciative of the support from our esteemed alumni to help them tide through the current crisis,” the letter elaborated.

Alumni's Help Requested

He called upon the alumni to contact the chief placement officer if they come across any relevant opportunities that could benefit their junior peers. “Your input just might make all the difference to a BITSian’s future,” he concluded.
In conversations with Times of India, several students acknowledged a noticeable reduction in job placements this year, while alumni members reassured that the institution's outreach to former students for assistance is a standard practice.
End of Article
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