1300 staff leave icici bank(top recruiter of ca) in last 3m

Feb 7

Source: Business Standard

Some excerpts

"ICICI Bank, the largest private sector lender, saw its employee base shrink by 1,300 people in the past three months of calendar year 2011, the first such significant fall in two years."

"They said the decrease in headcount happened across business segments and the highest bit was at the junior levels."

"The bank has no plans to hire aggressively for the next three to four quarters, though it will roll out more branches, sources said."

https://business-standard.com/india/news/icici-workforce-down-by-1300-in-three-months/463934/

From the above article, what conclusions can CA freshers ,who are recruited at bulk, come to?

What could be the basic cause of such attrition at the junior level?

Will this affect the upcoming campus placements?