The chosen ones were asked to join in June. But a few days ago, it sent out letters informing students to now join only in October. The reason cited was that the company was going through a restructuring process and, hence, it would not be able to take on these fresh hands now. Global sent out similar letters to the students it had made offers to at the Neville Wadia Institute of Management Studies in Pune. The requirement in certain divisions was immediate, so some recruits were absorbed immediately.
Campus placements are extremely crucial for companies who pick up fresh talent off colleges.
It also accords a certain amount of prestige and word of mouth publicity for companies and so few wish to miss on it. This year, despite the obvious slowdown, companies have not dared to pass up on queuing outside colleges. Campus recruitment is important for companies. It builds up a reputation for the company among graduating students and no company can afford to miss it. Some withdrawal of job offers does happen in campuses.