On the very day he was set to begin his profession, Prasad Chaure opened an e-mail that gutted months of preparation and promise. His job supply was revoked — with a single, chilly line: “attributable to a change in necessities for future enterprise.”
Chaure, a final-year mechanical engineering scholar at IIT Bombay, had each cause to consider his future was secured. In December 2024, he was positioned in a Enterprise Analyst function throughout the campus placement drive — the one supply he was allowed to simply accept underneath institute coverage. The corporate despatched an official supply letter, collected onboarding paperwork, and requested him to signal a declaration barring twin employment.
Every part pointed to a June 2 begin. However simply days earlier than, he was instructed the becoming a member of could be postponed. Then, on June 2 itself, the blow landed. In a terse message, the corporate wrote:
“We remorse to tell you that attributable to a change in necessities for future enterprise, we won’t be able to proceed together with your onboarding.”
No telephone name. No alternate options. Only a vanished job and no second likelihood.
“I had turned down different interviews and paused outreach,” Chaure posted on LinkedIn. “After months of belief, planning, and anticipation, this sudden change was deeply disheartening.”
His story isn’t distinctive — it’s a part of a storm tearing by India’s prime campuses. Between 2021 and 2024, placement charges plummeted throughout 22 of 23 IITs. IIT Delhi noticed the variety of positioned college students fall from 87.69% to 61%. Related declines hit IIT Madras and others.
The crash stems from world tech slowdowns, frozen hiring in analytics and consulting, and a painful skills-market mismatch. Throughout sectors, corporations are scaling again, delaying, or rescinding provides — even these months within the making.
Chaure was by no means instructed precisely what “change in necessities” meant. What it actually meant: one e-mail erased his solely job, and with it, his security web.
