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.
An IIT Kharagpur graduate claims two job offers were revoked after campus placements, leaving him and other engineering recruits jobless months before graduation. The reason cited: organizational restructuring and changing hiring priorities. The case has reignited fears about job security and is driving students to rethink how much they can rely on candidate loyalty during placement season.
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Hiring at major engineering campuses like BITS Pilani and multiple NITs looks steady to stronger for the Class of 2026, with more recruiters, higher salaries, and a rise in pre-placement offers. Demand is being pulled by core engineering, electronics, semiconductors, and also banking, consulting, and analytics, even as overall IT hiring continues to lag.
Indian companies are forecast to hire 10–12 million employees in 2026, about 2 million more than in 2025. Firms plan to boost campus hiring and also make workforce diversity a priority. The uptick suggests employers are preparing for stronger talent absorption next year, with recruitment likely starting earlier and broadening across candidate pools.
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