IITs Warn Companies Over Revoked Job Offers; Demand 3 Months' Salary Compensation

The All IITs Placement Committee (AIPC) has issued a stern directive to over 10 companies, including tech giant Oracle, demanding they either honor revoked job offers to students or pay three months' salary as compensation. This action follows multiple instances of companies withdrawing offers post-hiring, leaving IIT students in uncertain employment situations. Background: Post-COVID, several MNCs revised hiring plans, leading to mass offer withdrawals affecting thousands of graduating students. This practice disadvantages students who forego other opportunities based on accepted offers, creating both financial and psychological hardship. AIPC's intervention represents institutional protection of student interests against corporate practices. Key facts: Three months' salary demand is significant compensation reflecting estimated job search period; Oracle specifically named as major offender; action applies across all IITs. The directive carries weight as IITs control placement process and can debar companies from future campus recruitment. Constitutional/Legal angle: Student rights as stakeholders in employment; contract law principles (offer, acceptance, consideration); AIPC's authority to enforce fairness in campus recruitment. The action reflects corporate accountability and consumer protection principles. Exam angle: Tests knowledge of higher education governance, student rights, labor relations, corporate responsibility, and consumer protection laws. UPSC Mains questions on education policy, employment scenarios, or corporate accountability could reference this. Also relevant for competitive exams testing awareness of current socio-economic issues affecting youth. Shows institutional response to market failures and corporate power imbalances.