SJCE conversion to JSS has not degraded the value of the course or the degree. These are said to be rumors spread by rival institutions. Let me share some of the facts which might clear your views regarding the institution. 

• The placements are not affected as notable companies keep on visiting the campus. SJCE has maintained a good relationship with the companies
• The institute sets its own syllabus, which is industry-oriented unlike that of VTU which is not usually updated.
• SJCE is known for its brand, the name is not removed from the degrees and is often mentioned by recruiters in India and abroad.
• The degree programs are accredited by NBA and the degree awarded by the University is recognized by countries that have signed the Washington accord. So, while applying for PG in other countries, your degree has its value.
• It follows the OBE system and has 5 events per subject which are similar to the model followed by foreign universities, unlike VTU who still follows the age-old internals concept.

It is suggested that you do not go by rumors spread by rival institutions. You can definitely put your trust in SJCE, as it stands strong as one of the notable educational institutions in Karnataka.