Todays Short Blog: Freshers Flock Tech Parks for Walk-in Jobs Amidst Hiring Slowdown
In Pune, India, a significant number of fresh graduates are crowding tech parks for walk-in interviews, highlighting the intense competition in the IT job market. Industry experts note a surge in job seekers compared to available positions due to a slowdown in fresher hiring within the IT sector.
Many freshers, particularly from tier II and tier III colleges with limited placement opportunities, face immense pressure to secure jobs, often burdened by education loans. Despite an initial slowdown, there's been a recent uptick in fresher hiring as companies restructure and aim to reduce costs. Data indicates a 31% increase in fresher hiring in the IT sector and a 44% rise in hiring by tech startups and e-commerce firms in 2024.
However, candidates often endure long waiting times and rigorous security checks at tech parks, adding to the stress of the job search. While some recall similar situations from years past, the current scenario underscores the challenges fresh graduates face in a competitive job market.
