No. 2019, and 2020 when COVID where peaking was the worst time to graduate.

No hiring also peaked during that phase now offer letters are being cancelled 🙃

Hiring peaked post the first wave ending. But before that it was all uncertain and up in the air. There are still tons of companies hiring.

Product Head

Worst time to graduate was 2009! Guess history repeats itself

Product Marketing Manager

I agree!! Literally no one wants to hire freshers.

Product Manager

Recession

Recession- Grapevine

Welcome to Moving Abroad's Private Community

I’m thinking to goto US for studies for fall intake 2024, but I’m also worried what if recession won’t end even after I finish my studies, they say the current situation is very bad only around 20% graduates are getting job, whats your point on this? Will this recession end around 2026 ? Pls give me some light on this!

Is sep 2024 is the good time to go to US for studies?

Software Engineer

Welcome to News Discussion's Private Community

As per reliable sources, placement coordination committee members of IITs are requesting even those companies which were never considered before or were blacklisted.

Welcome to Software Engineers's Private Community

Do you think recession will affect campus placement for next batch

Recession in 2024?

Welcome to Office Gossip's Private Community

Talked to the son of my Dad's friend recently. Brilliant kid has a good GPA from IIIT-H + 2 research internships and 1 summer internship at good companies. He still can't find a "good" company to get into. 
(Side Note: "good" implies a high paying job relative to last couple of years)

Apparently, most of his friends in other colleges are in the same boat. Massive pay correction has happened.

The undergoing rationale is that companies hired Class of 2022 with no restraint because the demand was really strong during their placement season in 2021. This appears to be directly correlated with quantitative easing in the US and a low interest rate environment that was conducive to fundraising for several Series A+ startups.

By the time Class of 2022 entered the market, everything changed and they felt some short term change. However, Class of 2023 is having a much tougher time. They are shoved into the job market in a time where demand is low and they are competing with kids who graduated last year. 

Ongoing consensus appears to be that a huge chunk of their batchmates are going to get their Masters abroad. Their hope is that by the time they graduate out of grad school, the economy will pick up and demand will be strong while they're poised to take advantage of that with bump up credentials.

Unfortunately, this also implies that many of them will end up in the CPT-OPT-H1B-Green Card hell.

This is really a tough spot to be in.

🚨 ℂ𝕝𝕒𝕤𝕤 𝕠𝕗 𝟚𝟘𝟚𝟛 might be the unluckiest graduating class 𝔹𝕀𝔾 𝕋𝕀𝕄𝔼!!

Will the recession conditions will be alright around then? If any of your friends or relatives are working there or if you have any idea so please help me out I am a fresher, don't have a full time job right now doing internship will apply for only the top universities in US, I will get in most likely as per my profile. But is it recommendable to go in 2025 because people are not getting and jobs or internships there at all. Even from good colleges. Or should I stay here and prepare for GATE.

Should I go for MS in USA for fall 2025 intake?

2023 predictions?

Been working at my current org for almost 2 years now. It’s a dead end job, my growth has been stagnant for almost 6 months now. Wanted to switch but companies I interviewed at put their hiring on hold. 

So decided to move to Canada since I always wanted to move there for atleast some part of my life. Got an offer letter from a college in Vancouver in PGDip in Web and mobile app dev.

But the situation in canada has been bad due to the ongoing recession. People asking my parents “why does he want to move? There are no jobs.” My friends in Canada been supporting me saying there ARE jobs and economy will bounce back in 2 years time when my course ends.

I’m having second thoughts. I can’t take a lot of time either since I am already late in the immigration process.

What should I do

After seeing current placement stats of top IITs, even after Day6 not even 50% of the batch is unplaced can we say that 2024 is the unluckiest batch?

Students with good CGPA, having internships in reputed internships are not getting placed. It's worse for mediocre students.

What are alternativev for these unplaced students?

The unluckiest batch?

Founder

Frontend Engineer

I graduated from college about 3 months back and have been applying, cold emailing and doing everything but things aren't moving- either there are too many applicants, budget is not right or the role is shit. I have good internship experience with established cos. but still unable to land at a good place where I can grow and learn.

What shall I do? Do you know if someone's hiring? I have also been thinking about doing masters but not so keen.

No job, graduated 3 months back

Intern

There are some chatter in the finance and economics circles that 2024 may see a world-wide recession, especially in the west (though it is an election year in the US).

What do you think (or better, know more) about it? Will it be as bad for IT as what we had post-Covid?

Recession by mid 2024?

I am in 2nd year in college pursuing computer science..so far most of the time i do competitive programming and sometimes web development..i am working hard but because of the never ending depressing posts on LinkedIn and blind about layoffs and recession plus no hiring in big tech..i feel that all my hard work will be not worth it in future..also the people have made this wonderful field a joke by this standup comedians who joke about engineers every time.........i really want to contribute to this society and earn great amount of money as well but the hope is decreasing day by day..

What should I do😔😢?

Depressed

I'm currently in the Junior year of my college and I've received an internship offer as a SDE from one of the respected companies(hasn't laid off anyone yet). Since 2024 is the year I graduate, I was wondering what the scenario might be according to the people senior to me. Will we be a victim to the situation as well! The terror is for real :/

Layoff terror

I am a 2023 grad from a tier-3 college. I had 2 offers:

1. 6 months Intern + FTE, tech role, CTC 13, consulting company. Offer got deferred to December. Internship also got cancelled citing reasons related to recession.

2. Mass recruiter, CTC 6. Most likely deferred as no communication with company.

What should I do now? For the time being, I am interning at a startup to avoid gap in resume. Shall I start freelancing? I have 4 months of prior internship experience in React and Node.

Thanks in advance for suggestions.

Recession

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