1. Based on the global market slowdown companies are following different stratergies to sustain in the market. One of the stratergy is "Cancelling Job Offers". In my view this stratergy addopted at IIT-Mombai will not afftect the brand image of Infosys or reduce the competitive advantage in any way. The reason is that the economic slow down hit the entire world and its the time to take the precautionary steps to sustain in this conditions. The companies were going on recruiting to fulfill the expected future business. The Economic slowdown was a surprise to the market and it will change the whole scenarion all of a sudden. It was not certain upto what extent it will go and where it will stop. So companies need to take some steps to sustain. So whatever steps Infosys took is the correct decission at that moment and it wont affect the image of Infosys.

2. I am agree to the Infosys's spokesperson's statement the Infosys had not really cancelled the Job Offer as they had given the students the "Intent of Offers" not the "Offers". Its fully distinguish that there is some terms and condition behind it. As Infosys is a highly rated organisation in IT industry, it maintain its stratergy clear before producing any documents. So the "Intent of Offers" always includes the global market conditions and economic slow down. Infosys maintained the transparency in using the name as "Intent of Offers" not the "Offer".

3. If i were the Placement officer at IIT Mumbai I would have informed the students to have patience. Make them understand to the current market situation. Made them to do some more exercise and to utilise the time to enhance the knowledge, because the economic slowdown is not forever. Again the Blue Moon will come and they need to make themselves ready to enjoy the blue moon. In the mean while i could have contacted differnet companies and also uses different networks to accomodate in different organisations.

4. One of my friend faced this situation. She got the intent of offer from a consultancy. She left her old job and prepared for the next offer. In the mean while the economic slowdown hit the market. Now the consultancy was not ready to pay that amount of money and the salary become 1/4th of what was decided. She spent 2 days and took the decission to join the company with a condition that once the market is ok the salary will be the same as decided earlier. She took a written proof for that and continued with the company til now.