INDORE: E-commerce companies have not shown the same degree of enthusiasm this year to hire students from the Indian Institute of Management, Indore (IIM-I). Moreover, total number of companies doling out offers to students dropped from 152 to 130 this year.
Though the premier institute did not share the exact number of graduates hired by e-commerce companies, its placement cell confirmed that fewer companies came for campus placement at IIM-I to hire this placement season. Speaking to TOI about the trend, placement officer of IIM-I, Bhavya Kapoor said, "The frenzy that was there for the last couple of years in this sector is definitely getting moderated and it is visible. Companies would try to cut down cost in every possible aspect, as cost becomes an important driver when they look at profitability at this stage."
An IIM official, who did not want to be identified, revealed that students remained cautious while taking offers from consumer internet companies following layoffs at several firms in the last quarter of 2015.
"Earlier we were very excited about the new opportunities coming up, but after recent examples of how startups tackled employees while winding up have left us thinking. Not we are averse to working with e-commerce companies and are treading cautiously," he said. However, a positive trend was seen in the number of pre-placement offers (PPOs) made to the students of IIM-I.
PPOs saw an increase of 52 per cent this year. 93 PPOs were made to the students as against 61 last year, which is the highest ever number at IIM Indore.
A jump of over 50 per cent has been the norm in most schools but absolute numbers matter when batch sizes are big and such a big jump only makes placing students easier.