Campus hiring at top engineering institutes has come under scrutiny after students and social media users alleged that Oracle revoked placement and PPO offers, citing “business restructuring” and changing hiring needs, leaving many candidates jobless months after securing placements.
Reddit users flag mass revocation of offers
Users on Reddit voiced strong frustration over the recent wave of offer revocations across IITs and NITs.
One user claimed that the IT major withdrew four offers made to students from the Indian Institute of Technology (IIT) Hyderabad, along with several more from institutes such as IIT Kanpur and IIT Kharagpur, citing a “change in business needs.” According to the post, more than 50 offers across IITs — and even more across NITs and BITS campuses — were revoked in a single day.
The user pointed out that many of these students had secured Day 1 placement offers after intense competition, with compensation packages exceeding ₹35 lakh per annum. However, because IITs follow a “one student, one offer” policy, they were barred from applying to other high-paying companies that visited later in the placement season, leaving several of them without jobs.
Students report PPO cancellations amid restructuring
Meanwhile, a LinkedIn user and student from the National Institute of Technology Warangal revealed that his PPO from Oracle had also been rescinded due to internal restructuring and headcount-related changes.
A letter issued by the institute’s Centre for Career Planning and Development stated that the affected students had successfully secured jobs through the campus placement process during the early phase of the 2025–26 placement season. However, the recruiting company later withdrew those offers through no fault of the candidates.
The letter further explained that, under the institute’s “One Student, One Job” policy, these students were not allowed to participate in subsequent placement drives. Since the placement cycle is now nearing its conclusion, the affected candidates are being forced to seek opportunities independently to begin their careers.
Large-scale layoffs reported amid AI-driven restructuring
In April, approximately 30,000 Oracle employees were reportedly laid off globally as part of a restructuring initiative tied to the company’s expansion of its AI infrastructure, particularly in data centres. In India alone, nearly 12,000 employees — around 40% of the company’s 30,000-strong workforce there — were said to be affected.
Earlier reports from businessline indicated that the layoffs impacted teams across cloud, communications, marketing, engineering, operations, and sales. The cuts spanned multiple levels, including individual contributors, managers, directors, senior ICs, and even senior vice presidents.
The restructuring reportedly affected several business units and geographies, including Revenue and Health Sciences (RHS), SaaS and Virtual Operations Services (SVOS), and NetSuite India Development.
Oracle cites organisational restructuring and funding moves
In an internal communication, Oracle stated that the job cuts were part of a broader organisational restructuring. The company informed employees that the notification date would also serve as their final working day, and that eligible staff would receive severance benefits upon signing termination documents, in accordance with company policy.
In February 2026, the company also announced plans to raise $50 billion through debt and equity financing, later securing $30 billion through investment-grade bonds and mandatory convertible preferred stock.
Published on May 14, 2026