IIM placements: Why are they slow this year?

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Last year, MBA graduates from premier institutes such as the IIMs received top-tier salaries. This year, placements across institutes are taking longer than usual, and IIM-Lucknow, which typically has a 100 percent placement record, reached out to alumni to help out as many as 72 unplaced graduates. Kamal Karanth, co-founder at staffing firm XPheno, unpacks what's going on