business / news / / The Economic Times
US tech giant Oracle has rescinded dozens of job offers extended to students at premier Indian engineering institutes, including IITs and NITs.
Oracle has revoked over 50 job and internship offers at leading IITs and NITs in India.
KEY POINTS
- The rescinded offers impacted final placements and internships, affecting students from the Class of 2026.
- Oracle cited 'internal restructuring and headcount-related challenges' for the decision to withdraw offers.
- According to AIPC guidelines, companies that rescind offers are usually expected to pay three months’ salary as compensation.
- Other companies, including EMA.ai and SuperAGI, have also revoked offers at IIT-Kharagpur recently.
COMPANIES
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