After Flipkart, L&T Infotech is under fire for cancelling job offer letters. At least 1,500 students from various colleges have alleged that the IT company kept assuring them of a job but later backed out.
Many students who were relying on the jobs to repay their education loans are now burdened by repeated calls from the banks.
"If you take the rules and regulations of all the colleges in and around Tamil Nadu into consideration, once you have got a placement in one company, you cannot apply or sit for another placement. So we got only one chance. The mail we have got now says your performance is not up to the mark, so your offer will be cancelled," a student claimed.
"The struggle is much more and it is unexplainable. We took loans to study in that particular college just to get placed. We are now in a position that we cannot answer the banks and they are sending us letter on a daily basis. They (L&T) kept us engaged in doing some work or the other and kept telling us not to panic, we will be giving you the joining date and that increased our hopes," another student said.
The students are on a hunger fast since Monday morning to fight against what they claim is injustice.
But they are not the only ones left in the lurch.
Earlier, e-commerce major Flipkart had deferred joining dates for campus hires from Indian Institute of Management (IIM) Ahmedabad and Indian Institutes of Technology (IIT) citing restructuring of its businesses.
Apart from Flipkart, many other companies including InMobi, CarDekho and Hopscotch have also reportedly deferred the joining dates for students.
According to industry and HR experts, the scenario might bring a lot of pressure on reputation, success and unpredictability of the educational institutions concerned as it disturbs their placement track record.
Source: IBNLive
