Campus Hires Face Six-month Delay At Amazon India

Amazon laid off more than 27,000 employees globally since last year amid high interest rates and a growth slowdown mintPremium
Amazon laid off more than 27,000 employees globally since last year amid high interest rates and a growth slowdown mint

Amazon India has delayed the joining dates of its campus recruits by six months amid rising cost pressures and recession in some Western markets.

While the company promised to address the “financial impact" on students, India’s leading engineering colleges are concerned about the delays by one of their top recruiters.

“In light of the challenging economic conditions, we’re delaying the start dates for some of our college hires by up to six months. We’re offering assistance to help address any financial impact. Amazon remains committed to university recruiting and developing the next generation of leaders and builders," Amazon said in response to an emailed query.

Amazon laid off more than 27,000 employees globally since last year amid high interest rates and a growth slowdown. This has also impacted the likes of Meta, Google, Microsoft, and Accenture. The big tech and internet giants have together retrenched more than 70,000 job cuts since January amid fears a global recession will affect growth.

Amazon is one of the top recruiters from many Indian Institutes of Technology (IITs) and National Institutes of Technology (NITs). Placement teams at IITs said they are analyzing the impact of Amazon’s decision on students. Placements for IITs typically start in December.

“Students have come and told us that while they were told that their joining date was June, now it has been postponed. No date was given to them," said the placement head at one of the NITs.

According to people aware, engineering colleges will now reach out to Amazon for more clarity on their plans. Campus recruitment may get tougher this year. India’s IT companies are likely to slash campus hirings by at least 40% amid robust bench strength, reduced client orders and poor visibility of when the recessionary phase will pass. IT firms are expected to hire about 155,000 students from the 2024 batch of engineering campuses compared to 230,000 from the batch of 2023.

Catch all the

Corporate news

and Updates on Live Mint. Download The

Mint News App

to get Daily

Market UpdatesBusiness News

.

More Less

Updated: 26 May 2023, 12:58 AM IST

Next Story

No Network

Server Issue

Internet Not Available

RECENT NEWS

The Self-Destructive Nature Of Anti-Tourism Protests: Balancing Resident Concerns With Tourism Benefits

In recent years, anti-tourism protests have become increasingly common across popular tourist destinations. From the Bal... Read more

Military And Strategic Implications Of The Ukrainian Drone Attack In Kursk

On a recent morning, the Kursk region in south-western Russia witnessed an unexpected and significant event: a Ukrainian... Read more

Chinese Tech Stocks Gain Ground Despite Wall Street Technology Sell-Off

Chinese tech shares in Hong Kong gained on Friday, defying a technology stock sell-off on Wall Street, driven by strong ... Read more

Defense Pact Between Britain And Germany: A Focus On Cybersecurity And Joint Operations

In a move set to redefine European defense collaboration, Britain and Germany have signed a comprehensive defense pact a... Read more

US Secret Service Director Steps Down After Trump Assassination Attempt

Security lapses admitted by Kimberly Cheatle prompt resignation.Kimberly Cheatle, the head of the US Secret Service, has... Read more

Kamala Harris Promises A Brighter Future In Official Campaign Launch

In a vibrant and impassioned campaign launch, Vice President Kamala Harris vowed to lead America toward a "brighter futu... Read more