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. But this year the trend shows that there such incidences have gone up remarkably. But those were ailing companies. Panicky students seek seniors' help While the general slowdown may justify the steps taken by many of these companies, their moves have left students panicky and distraught.