Oracle rescinds campus offers at IITs

Oracle has revoked campus job and internship offers made to students at several Indian Institutes of Technology and National Institutes of Technology, according to reports by Moneycontrol on May 14 and The Economic Times on May 15. The withdrawals affected both full-time roles for the Class of 2026 and summer internship positions, the reports said. (moneycontrol.com) Campus officials and students told those outlets the cancellations were communicated earlier this week, late in the placement cycle and after many students had stopped applying elsewhere under campus rules. Oracle did not respond to emailed questions from The Economic Times by the time that report was published. (economictimes.indiatimes.com) ### Which campuses were named in the reports? The Economic Times named IIT-Delhi, IIT-Kanpur, IIT-Kharagpur, IIT-Guwahati, IIT-Madras, IIT-BHU, IIT-Hyderabad, IIT-Roorkee, NIT-Warangal and MNNIT-Allahabad among the affected campuses. (economictimes.indiatimes.com) Moneycontrol separately named NIT Warangal, VNIT Nagpur, IIT-Roorkee, IIT-Hyderabad and IIT-BHU Varanasi. Moneycontrol said Oracle had revoked campus placement and pre-placement offers, while The Economic Times said both full-time and internship offers were hit. Firstpost and LatestLY, citing The Economic Times and other reports, said the withdrawals extended across several top engineering colleges. ### How many students may have been affected? (moneycontrol.com) The Economic Times reported that more than 50 offers were likely to have been revoked across institutions, citing campus sources. The same report said Oracle had made as many as 25 to 35 full-time and internship offers on some campuses, with between two and five later withdrawn at each of the colleges it contacted. (economictimes.indiatimes.com) Moneycontrol reported one student from an NIT said 13 interns from that campus had received pre-placement offers after internships, and three of those offers, including his, were later revoked. That student said the remaining 10 offers from his campus were still intact. ### What reason was given for the cancellations? (moneycontrol.com) Aditya Kumar Barawal, an affected student cited by The Economic Times, said Oracle pointed to “internal restructuring and headcount-related challenges.” Moneycontrol reported that students and a placement cell head said restructuring and unit closures were cited in some cases. Moneycontrol said one affected fresher described Oracle hiring for application developer and server technology roles, and said a server-technology business unit tied to Oracle Health and application infrastructure had recently been shut down, leading to cancellations for that vertical. (economictimes.indiatimes.com) That account was attributed to the student and was not confirmed by Oracle in the report. (moneycontrol.com) ### How does this connect to Oracle’s wider cost cuts? Moneycontrol reported that Oracle had laid off around 30,000 employees globally in April. The Economic Times separately reported in February that Oracle was considering 20,000 to 30,000 job cuts, citing a TD Cowen research note, and in April reported that around 10,000 jobs had been cut in India, citing sources with direct knowledge. (economictimes.indiatimes.com) Oracle’s own securities filings show the company set out a 2026 restructuring plan with estimated costs of up to $1.6 billion, according to its quarterly report for the period ended August 31, 2025. Oracle’s filing for the quarter ended February 28, 2026 also includes restructuring activity disclosures, though it does not mention Indian campus offers. (moneycontrol.com) ### Why were students left with few immediate options? Moneycontrol said many top institutions follow a “one student, one job” policy, which means students who accept an offer typically stop pursuing other campus opportunities. The Economic Times cited All IITs Placement Committee guidelines saying a company that rescinds offers usually pays three months’ salary as compensation. (moneycontrol.com) The Economic Times said placement committees and alumni were prioritizing support for affected candidates and trying to find alternative openings. Moneycontrol said one placement cell head described the immediate priority as securing replacement jobs for students who lost Oracle roles. (sec.gov) ### What can be verified directly, and what remains unconfirmed? Oracle’s SEC filings verify that the company is in an active restructuring cycle, with material restructuring costs disclosed to investors. Indian media reports and named or anonymous campus sources provide the details on the offer withdrawals, affected campuses and student impact. As of May 15, 2026, the reports reviewed did not include a public Oracle statement confirming the exact number of rescinded campus offers or naming the affected institutes. (moneycontrol.com) The next public milestone for Oracle is its fiscal fourth-quarter earnings cycle and any related filings or statements that could update investors on restructuring actions. (investor.oracle.com) (sec.gov) (economictimes.indiatimes.com)