The E-Commerce giant Flipkart, who is also a big time hiring participant in the IIT’s and IIM’s placement programs has announced that it will not be going to IIT’s or IIM’s in 2017. Flipkart will stay off campuses in the upcoming placement season, and instead will focus on absorbing the students it has previously hired, a top executive said.
The decision of the e-commerce firm, one of the most high-profile campus recruiters in recent years, comes after a season when it faced flak for postponing the joining date for the batch it recruited.
Broadly over the last two years, Flipkart has been hiring 200-250 students together from IITs and IIMs each year. Flipkart has been a favourite for the top engineering talent over the past three years. Even two years ago, students lined up for being hired by Flipkart because they expected a humungous opportunity for growth.
Earlier reports suggested a decline in campus hiring by top e-commerce companies this year. Some of the IITs ET spoke to, including Madras and Kanpur, said they were still awaiting a response from the e-commerce giant on their invite to join the placement that starts in December. Flipkart’s clarification puts all speculations to rest.
This is a big blow to the Campus Placement programs of the top notch colleges in India. We’re waiting for the giant’s next move!