The apex placement body of IITs has asked companies that have revoked job offers to either hire the candidates or pay three months’ salary as compensation. If the companies fail to do either, the placement body plans to bar them from participating in placement drives for upcoming batches
The apex placement body of the Indian Institutes of Technology (IITs) has asked companies that have revoked job offers to either hire the candidates or pay three months’ salary as compensation.
If the companies fail to do either, the placement body plans to bar them from participating in placement drives for upcoming batches, according to a report by The Economic Times.
Amid geopolitical tensions and increasing reliance on artificial intelligence to cut costs, various technology companies have seen job cuts in recent months. This has impacted the job market.
The All IITs Placement Committee (AIPC), the top coordinating body for internships and placements across 23 IITs, has asked more than 10 companies to honour the placement offers or provide compensation to students of the batch of 2026.
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