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Campus hirings have cooled at India\u2019s top business and engineering schools and some are yet to conclude the final placements which were to be completed by mid-January, officials at several placement cells said.<\/p>\nCampus hirings have cooled at India\u2019s top business and engineering schools and some are yet to conclude the final placements which were to be completed by mid-January, officials at several placement cells said.<\/p>\n
Demonetization that sapped demand and hit consumer-facing companies, and rising protectionism in the US and UK which threaten India\u2019s technology companies are likely reasons for the development, these officials said.<\/p>\n
It also threatens to get worse. Human resources (HR) outsourcing and technology firm PeopleStrong says campus hiring numbers may fall 20-25% from current levels by the end of 2020.<\/p>\n
\u201cCampus hiring will see a gradual decrease in the next one year,\u201d said Pankaj Bansal, co-founder and CEO, PeopleStrong. \u201cThere are various reasons for this gradual decrease: some of them include: reduction in hiring numbers of IT giants due to global economy slowdown, automation of transaction-heavy jobs through Artificial Intelligence and lack of job-readiness in the campus pass-outs.\u201d<\/p>\n