For the first time in the history of IIT-Kharagpur -- the country`s oldest IIT -- 15 of its students have got regret letters from three t
op US IT firms.
The unprecedented blow has left the students and faculty shell-shocked.
During campus placements in January this year, US tech firms Montolova, Magma Design Automation and Paradigm had picked the 12 students (from the electrical, electronics, IT and computer science departments) and given them offer letters.
The pay package was more than Rs 7 lakh per annum, besides incentives and perks.
The students gave their "notes of acceptance" and all that remained was for the joining letters to arrive. After months of waiting, all they got were regret letters in September, saying they "cannot be taken because of internal re-organising". The students of this batch had recently got their B Tech degrees.
"When we got the campus offers we were elated. We were waiting impatiently for the day when we would fly to the US. We were not worried when the letters were delayed, because we had never imagined in our wildest dreams that we would lose the jobs. When the regret letters landed, we were shattered," said one of the students.
The scene is quite gloomy for the 2008-09 placements, due to start in December. Some top recruiters are staying away. Some others are cutting the number of jobs on offer.
Montolova and Paradigm have not taken any of the nine students they had promised, while Magma had offered jobs to nine but finally took only three. Two of these firms are not joining the placements this year.
Source:
http://infotech.indiatimes.com/Careers/IITians_get_regret_letters_/articleshow/3
op US IT firms.
The unprecedented blow has left the students and faculty shell-shocked.
During campus placements in January this year, US tech firms Montolova, Magma Design Automation and Paradigm had picked the 12 students (from the electrical, electronics, IT and computer science departments) and given them offer letters.
The pay package was more than Rs 7 lakh per annum, besides incentives and perks.
The students gave their "notes of acceptance" and all that remained was for the joining letters to arrive. After months of waiting, all they got were regret letters in September, saying they "cannot be taken because of internal re-organising". The students of this batch had recently got their B Tech degrees.
"When we got the campus offers we were elated. We were waiting impatiently for the day when we would fly to the US. We were not worried when the letters were delayed, because we had never imagined in our wildest dreams that we would lose the jobs. When the regret letters landed, we were shattered," said one of the students.
The scene is quite gloomy for the 2008-09 placements, due to start in December. Some top recruiters are staying away. Some others are cutting the number of jobs on offer.
Montolova and Paradigm have not taken any of the nine students they had promised, while Magma had offered jobs to nine but finally took only three. Two of these firms are not joining the placements this year.
Source:
http://infotech.indiatimes.com/Careers/IITians_get_regret_letters_/articleshow/3
