Synopsis

The All IITs Placement Committee (AIPC) has issued a stern ultimatum to over 10 companies, including Oracle, demanding they honor revoked job offers or compensate affected students with three months' salary. With around 100 students impacted, the AIPC has set an August 15 deadline, threatening to ban non-compliant firms from future campus placements.

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New Delhi: The apex coordinating body for internships and placements across 23 Indian Institutes of Technology (IITs) has asked more than 10 companies to honour the job offers to students that they have revoked or pay three months' salary, failing which it plans to bar these companies from participating in campus placements from next year, said people familiar with the matter.

The All IITs Placement Committee (AIPC) has given time till August 15 to these companies, including Oracle, Interview Kickstart and SuperAGI, which have either not honoured or revoked offers to the students of Class of 2026. About 100 students across IITs are affected by the rescinding of job offers, said a senior official, who did not wish to be identified.

"This (the number of withdrawn offers) is certainly much more than last year, and on our part we are giving time to these companies to rethink their campus hiring plans or face non-cooperation from IITs in the subsequent hiring seasons," Professor John Jose, convenor, AIPC, told ET.

In case these companies do not comply, none of the IITs will allow them to be part of the placement drives to be held for classes of 2027 and 2028, he said.

The next recruitment cycle at IITs kicks off in September, when recruiter registrations start. For final placements, companies visit the old IITs in December while for younger IITs, the hiring drive begins around October. IITs will review their stance against the companies at the next AIPC meeting to be held in early September.

"We will decide on keeping these firms out of the recruitment process only by then but before that we are trying to negotiate with them... we are also trying to convince them to at least take them (students) even at a lower salary or onboard a couple of months later," Jose said.

Some companies have communicated to the respective IITs that they are not willing to even pay three months' salary as compensation to the affected students.