Why does a analytics company need to hire 30+ MBA freshers in the first place?

Analyst

Founder

Not surprising considering the current situation in the VC world

Brand marketing manager

TheMathcompany revoke 30+ New hires from Top IIMs and ISB.

TheMathcompany revoke 30+ New hires from Top IIMs and ISB.- Grapevine

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I recently came across some articles.

https://medium.com/@srikanthp2019/the-intentionally-hidden-truths-of-iim-calcutta-3fc36cfd7e30

https://www.reddit.com/r/CATpreparation/s/JZm34iaRt2

Does ragging of such scale where the seniors time and again disrespect the juniors and humiliate them really happens at top B-Schools( i m talking about IIM A,B,C,L,K,I, FMS, XLRI etc) l.

I am from one of an old IIT and haven't faced any ragging or harrasment from seniors over here apart from the freshers party where the seniors themselves told that if you are not comfortable then you can leave. Not one incident after that. Instead it has been a total opposite scenario and the seniors are too helpful here in a variety of ways. I have friends in IIT Bombay, Kanpur and Delhi and they too told me the same thing.

I was very surprised and astonished when I found out that kids age 18 years old aren't engaged in ragging at IITs but adults age 23 years+ doing their MBAs are doing the same at IIMs.

PS: I plan to pursue an MBA from an IIM in the future but such incidents are a big turn off for me hence I wanted to know the reality.

Ragging at Indian B schools.

Product Manager

Heard with some people working there. They have asked many employees to start looking for other jobs. 
If any other person working there can confirm.

Mathcompany Layoff

Business analyst

Freshers impacted in software/product and data science profiles. Day 1 company in all colleges. Placement season is almost over everywhere and now these students are without a job just days before their joining date. No severance too unlike layoffs. 

Used to pay a lot though, 30 lakhs base salary for SDEs and 15 for product analysts after taking gruelling overnight interviews.

Heard internally there struggling a lot which is reflected in their stock price which is halved from 2021 despite a bull run in US tech companies in the same period.

Note to anyone thinking of getting into sprinkr(obviously in future cause they showing middle finger now): join only if you want to work like a donkey in exchange of lots of money.

Sprinklr revoked 150+ offers accross IITs, NITs, BITs and other tier 1 colleges.

Amazon has apparently delayed joining to January for majority of IIT hires and revoked offer letters for others. Same across all IIT campuses.

Can someone from Amazon confirm if this has happened for all new hires or to some specific colleges or divisions?

Amazon Offer Revoked Across IITs

Market is that bad that this isn’t about 4-5 people but 72 candidates at IIM-L do not have a job.
 Saw this on Twitter.

IIM Lucknow is reaching out to alumni to help them with placements.

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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!!

Hey guys,

What is the expected avg salary in the current market situation ( 2022/2023 graduating batch) for new IIMs ( Ranchi, Amritsar, Raipur, Udaipur). Asking for my younger sister. Please share if you have some insights/data on the same.

Avg Salaries New IIMs

Reading reports of students from IIM Blr and Lucknow struggling for internships. Does anyone have any insights on the real scale of this? Any insights on the ongoing fulltime placement season for 2024?

TheMathcompany revoke 30+ New hires from Top IIMs and ISB.

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