His excuse for this move, which earned him a lot of criticism, was that there were predictions that the demand for software engineers would rise tenfold in Bangalore over the next decade. The interesting fact that he did not address was that the demand would be for engineers of a certain calibre, which most engineering colleges in Karnataka do not seem able to produce. Despite the booming software business situation in Bangalore all these years, more than fifty per cent of the engineers being turned out by the State's institutions would still be jobless. This situation is only going to worsen now. The situation and salaries were even better for my immediate seniors who passed out last year.
Big companies come to our campuses and recruit students when they are in their final semesters.
Now, this year, I doubt that anyone will hire us as we finish college. Three big companies in Bangalore have already asked the students they recruited from campuses not to join them. Indian software firms in Bangalore are suddenly finding themselves approached by Indians working overseas, wanting to return as they suddenly feel prospects maybe better here. Indian placement portals, placement agencies and head hunters reveal that they suddenly find themselves getting resumes and applications from software engineers already working overseas, wanting to come back to India. Most of the placement agencies and HRD offices are reluctant to give out actual figures or details on this situation.