Letter Of Offer Vs Letter Of Intent

1. In my opinion when Recession Approached,companies were affected because
More people on float (people who are for forth coming projects).Because of more people on float resource utilization is less.This put strain on companies to hire people from colleges. Reduction of projects in a company leads to reduction of fund investment. Reduction of contract period with clients reduces forecasting of business and contrary reduces hiring volume. Demand of skilled resource from client keeping view of high productivity and zero failure leads the companies to utilize skilled resource.
This attitude of clients leads the company to reduce or stop hiring freshers.
I agree to Sushi's point that 'Cancel ling the job offers' is not going to put any impact on Brand image of Infosys .

2. I do not agree with Infosys's spokes person's statement .They should take any preventive steps .If company already issued offer letter to the fresher’s, then company reacts to above situation as per the company’s business as follows
Big Size IT Service Company: They will analyze their business and decide when to take the fresher’s to their system accordingly they will inform to the candidates.
Middle Size IT Service Company: they will take actions as above.
If they do not have business visibility then can do 2 things
a.They can ask the fresher’s to take the training and work in project without pay. This helps the candidates to get the technical exposure though they are not getting any money.
b.They will clearly send sorry mail and saying they are the people to get the chance as and when company gets the business.
Small Size IT Service Company: They should send sorry mail to candidates without keeping them on hold.
If company is Product IT company then Company looks its market penetration during recession. Assess the business and returns, accordingly communicate the candidates.
Do not over estimate and give false promise to the candidates. Which will lead to firing of candidate’s later point when company realizes the dryness of business.

3.As a placement coordinator ,I would like to adapt the effective methods of training to make people ready to face any kind of interview.And moreover, I would have concentrated more upon the student and employer's capability .As in the current situation , industry people want smart,hard working , dynamic persons for working in the company forefront.
4.I have a same kind of scenario. I got offers from 2 ITES companies , KPIT CUMINS and DELL INTERNATIONAL in 2006 . BUT KPIT, made delay and asked the result to be on hold, and took one month with a negative answer. I was lucky enough working with Dell.