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Oracle rescinds dozens of IIT NIT offers after layoffs triggering panic as placements near end
Economy
Published on 14 May 2026
Oracle cited restructuring and headcount challenges to undo offers
Oracle has revoked dozens of campus job offers made to students at IITs and NITs, including both full-time roles for the Class of 2026 and summer internship positions. The pullbacks come soon after mass layoffs at the US software giant, intensifying anxiety as placement season winds down and tech hiring stays sluggish. Placement cells at multiple institutes say Oracle had made heavy offers, then withdrew a small but significant share across campuses, leaving students scrambling for alternatives.
- Oracle revoked offers at multiple IITs and NITs as season nears its end
- Revocations affected both full-time roles and summer internships
- At IIT-Guwahati, four offers were withdrawn from more than 10
- At IIT-Delhi, three full-time and one internship offer were revoked
- Guidelines say rescinding firms typically pay three months’ salaries
- Oracle recruits mainly for application developer and server technology roles
Read the full story at The Economic Times
This summarization was done by Beige for a story published on 
The Economic Times