Oracle Layoffs: Company Revokes Offer Letters at IITs and NITs, Retracts Campus Placements and Internships After Job Cuts

Oracle has reportedly revoked over 50 job and internship offers at top Indian institutes, including IITs and NITs. The move follows a global restructuring that has impacted up to 30,000 employees as the firm pivots towards AI infrastructure. Students cite internal headcount challenges as Oracle reallocates resources to support its multi-billion-dollar OpenAI partnership.