The sudden decision by US tech giant Oracle to revoke campus placement offers and pre-placement offers (PPOs) across elite Indian institutions like the IITs and NITs is a cold, corporate gut-punch. Citing “internal restructuring” after axing 30,000 employees globally, the company has left over 50 of the country’s brightest minds completely stranded. This isn’t just a routine adjustment in workforce planning; it is a profound breach of trust that exposes the deep vulnerability of entry-level engineering pipelines.
What makes this a complete disaster for freshers is the rigid “one student, one job” policy followed by most top-tier campuses. Once these students accepted Oracle’s lucrative packages, they were barred from appearing for other placement drives, losing out on months of prime opportunities. For a corporate giant to pull the rug out from under them in mid-May, just as the academic year ends and the placement cycle completely shuts down, is an act of extreme negligence that shows zero regard for student careers.
The All IITs Placement Committee (AIPC) must take a hard, punitive stance here. Under standard guidelines, companies that rescind offers are expected to pay a three-month salary as compensation. But financial bandages aren’t enough. If premier institutes do not actively blacklist companies that treat appointment letters like disposable scrap paper, they send a dangerous signal that international tech giants are completely untouchable.
