During your time in university, you may come across this myth; students spent half of their time working part time jobs to get extra pocket money, but they also wanted to brush up their soft skills. With this mindset in motion, some of them ended up neglecting their studies and focus solely on working experience and co-curricular activities.
In general, for jobs related to your studies, companies do look at your CGPA. Those with scores below 3.0 will find it difficult. Without any experience, university result is the main factor separating one fresh graduate from the other. In the corporate and manufacturing industries, every individual is equipped with a specific set of technical skills and knowledge. These technical skills and knowledge are essential to the daily operations in these industries.
High CGPA indicates you have sufficient basic knowledge to score in the university level, and you are ready to tackle more complex problems. Work experience may be important, however that does not add much value to the task at hand. Unless you participated in many competitions off campus, such as business case studies, industrial collaborations, etc. These are the extra co-curricular activities that will add values to your resume.
Low CGPA graduates may be skilled in other areas which are not visible on paper. In some events, these graduates excel in a particular skillset which enable them to stand out than the rest. These qualities may or may not be reflected in the resume. These group of graduates spent their entire lives mastering their craft and neglecting their studies. CGPA plays a much smaller role in jobs that emphasise more on soft skills than technical skills. Such jobs include sales and marketing, public relations, event management and many more.