Is it really that difficult to land up in an IT Company?

In the year 2008, there was a sudden demand for postgraduate courses. Lots of ppl had enrolled for CAT, GATE and what not... Why was this sudden interest or zeal in the indians to pursue higher studies. This wasnt due to an interest in higher studies but because of the "Recession" scenario in the market. For almost 2 years, the count of students enrolling for Computer classes had dwindled, Engg students were more fascinated towards circuit branches and mechanical as they felt those were evergreen.

2 years later, the scenario has changed completely. Companies are conducting walkins every week, some even bypassing the aptitude tests. The institutes had started advertising their courses again and private engineering colleges had hiked the donation and the fees again for computer science and it branches.

Even though recruitements are being done on a war footing now, the employees or students who are getting placed must realize that there might arise a "2008" like situation again in the near future and companies might downsize even more than earlier.

My point is any tom, dick and harry now can land up in a good it company job right now. But its how well they perform is what is going to determine their longevity in the company. Failing to perform might make them ending up on square one again after an year.