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Indian engineer recounts situation where Oracle rescinded offer twice before start date
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Aaj Tak
www.aajtak.in

Indian engineer recounts situation where Oracle rescinded offer twice before start date

After graduating from college, receiving a job offer from one of the world's largest technology companies seems like the start of a career. However, a situation where a company withdraws an offer just five days before the start date is shocking. This situation becomes even more surprising if the offer has been withdrawn previously.

In recent months, Oracle has frequently made headlines, but not in a positive light, due to employee layoffs. This is the story of Tejasva Agrawal, whose case caused a wide resonance on social media. Tejasva reported that after completing an internship at Oracle, he was offered a job, but the company withdrew this offer shortly before the start date. He specified that this had happened for the second time.

First Internship and Job Offer

Tejasva completed an internship at Oracle related to server technologies. During this internship, he worked on tasks concerning Oracle HTTP Server and HTTP/2. Additionally, he gained experience troubleshooting technical issues in large-scale systems using C and C++, and worked on production code.

After the internship, he received a job offer from Oracle. For him, this was not just a new employment opportunity but a significant start after college graduation. Tejasva shared a public post on LinkedIn detailing the company's withdrawal of his offer. According to him, the reason was internal changes within the company and shifting business needs.

Recently, reports resurfaced about the withdrawal of his offer. Tejasva's offer, which was scheduled to begin on August 18th, was rescinded just five days before the start date. It is important to understand that this refers to the withdrawal of the offer before starting work, not the termination of an employee five days after starting.

Why is this happening at Oracle?

Tejasva's situation is not isolated. There were reports that Oracle withdrew job and internship offers for students from many major engineering colleges in India in 2026. Students from institutions such as IIT Delhi, IIT Kanpur, IIT Kharagpur, IIT Guwahati, IIT Madras, IIT BHU, IIT Hyderabad, IIT Roorkee, NIT Warangal, and MNNIT Allahabad were affected. According to reports at the time, the total number of withdrawn offers from several campuses exceeded 50.

The backdrop to this entire situation is downsizing at Oracle. In May, the company conducted layoffs of about 20,000 employees globally. Following this, news emerged about the withdrawal of offers in Indian campuses, with most affected being Indian engineers.

Why do students perceive this as such a major blow?

When a student receives a job offer through campus recruitment, they often stop applying to other companies. Many educational institutions have a system where a student accepts only one job offer. Consequently, if a company withdraws an offer at the last minute, the student has no recourse to return to the job search process. This is why, after Oracle's offer withdrawals in 2026, many students shared their difficulties on social media. Some reported that after receiving the offer, they did not look for other jobs for months, only to suddenly find themselves without one.

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Oracle plans layoffs amid costly AI infrastructure race
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business-standard.com

Oracle plans layoffs amid costly AI infrastructure race

According to a report from Business Insider, based on information from informed sources and an internal document, Oracle is preparing for another round of layoffs this month. The company aims to reduce labor costs while continuing significant investments in artificial intelligence infrastructure.

A report dated August 11 indicated that Oracle has instructed managers to identify employees who may be affected by the reductions. In some teams, these layoffs could reach double-digit percentages as the company intends to decrease personnel expenses before the start of the second fiscal quarter on September 1.

This plan follows Oracle's disclosure in filings with the Securities and Exchange Commission (SEC) for the 2025–2026 fiscal year regarding a workforce reduction of approximately 21,000 people during 2025–2026, which accounts for about 13% of the total staff. As of May 31, 2026, the company's workforce was approximately 141,000, compared to 162,000 the previous year. In the report, the company noted that its restructuring program includes changes related to the implementation and integration of AI technologies, as well as other operational measures. Furthermore, it was stated that 'The implementation and deployment of AI within our operations has led and may continue to lead to headcount reductions.'

Oracle's restructuring budget has also significantly increased. In the 2026 fiscal year, the company recorded restructuring expenses of $1.8 billion, up from $374 million the previous year. The total estimated cost of the restructuring plan for 2026 is valued at up to $2.1 billion.

Reasons for layoffs despite growing cloud business

In the 2026 fiscal year, Oracle's revenue increased by 17%, reaching $67.4 billion, while total cloud services revenue grew by 39%, amounting to $34 billion. Revenue from cloud infrastructure showed a growth of 77%, reaching $18.1 billion. In the fourth quarter alone, cloud infrastructure revenue jumped by 93%, totaling $5.8 billion.

Nevertheless, Oracle's data center expenses also rose. The company's capital expenditures in the 2026 fiscal year reached $55.7 billion, higher than the $21.2 billion reported the previous year. In its annual report, Oracle stated that this increase is mainly due to data center expansion and warned that capital expenditures are likely to continue rising as existing capacities are expanded and new data centers are built in various locations.

The company reported a negative free cash flow of $23.7 billion for the 2026 fiscal year, despite a record operating cash flow of $32 billion. During the year, the company raised $43 billion through debt and another $5 billion through equity financing. For the 2027 fiscal year, it is expected to raise about $40 billion through debt and equity.

The tension between AI demand and the cost of building the necessary supporting infrastructure has become a broader issue for large technology corporations. A Reuters analysis in July showed that the capital expenditures of major American tech companies were growing faster than their free cash flow as they heavily invested in data centers, servers, and other AI infrastructure. Oracle was one of the companies highlighted in this analysis.

Meanwhile, Oracle continues to expand. On Wednesday, the company signed a multi-year partnership agreement with Quantinuum to integrate its Helios quantum computer into Oracle Cloud Infrastructure. Helios is expected to be housed in an Oracle data center located in the US and will be available alongside Oracle's high-performance computing and GPU infrastructure. Oracle plans to introduce the OCI quantum computing service in the coming months.

This partnership demonstrates the company's shift from traditional software and database business to a more capital-intensive model focused on cloud infrastructure, AI computing, and data centers, as well as positioning itself for emerging technologies such as quantum computing.

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