2 days ago

IITs Restrict 22 Firms After Unfulfilled Student Job Offers

IITs Restrict 22 Firms After Unfulfilled Student Job Offers
Oracle, 21 firms to face IIT hiring freeze after reneging on job offers: Report · livemint.com

Several companies gave jobs to students through IIT campus placements but later did not provide those jobs.

Because of this, the IITs reportedly decided to stop working with 22 companies for two placement seasons.

More than 150 student offers may have been affected.

Oracle is reportedly one of the companies involved.

The companies will be told about the decision by September 30.

The IITs are calling the action “non-cooperation” instead of blacklisting.

Placement offices are sending students’ resumes to other companies.

About 20% to 30% of the affected students have reportedly found jobs through these efforts.

Key facts

Affected companies
22 companies, according to the report
Affected offers
More than 150 offers across 23 IITs
Restriction period
Two placement seasons
Oracle offers
About 40 offers reportedly not honored
Notification deadline
September 30
Onboarding deadline
September 15
Student recovery
An estimated 20% to 30% of affected students found jobs through referrals

Sources

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