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Class of 2008: Still Waiting For That Elusive Job

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computer science engineer graduate Mohammed Saif

Mohammed Saif in Bangalore, India.

Hemant Mishra /

Mohammed Saif, 26, pushes through his days with dreams of writing code for a software firm at India's technology hub, but 10 months of hunting for employment has yielded nothing. The computer science engineer, who graduated from a private engineering college in north Bangalore in mid-2008, is twiddling his thumbs in a slowing economy.

As U.S. and European clients delay new projects on the back of a global economic crisis, India's information technology companies have applied the brakes on hiring. Graduates of the class of 2008 have had to do with fewer job offers, deferrals of joining dates and even cancellations of some offers. Their plight is expected to worsen as the class of 2009 adds to the supply.

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