1. Market downturn companies follow different strategies to survive. In my view “Cancelling Job Offer” strategy adopted at IIT-Mumbai will not at all affect the brand image or reduce the competitive advantage of the giant IT company “Infosys” because Project based company depends more the market condition, once there is expected future business then only they will hire the guys. So to safe guard the organization image as well as the operating cost this strategy works as indomitable.
2. I agree with 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 “Actual Offers". It’s a clear strategy made by Infosys regarding the “Intent of Offer” which include some terms and condition with respect to market downturn or if it really worst market condition then its “rescission”. Infosys were clear and loud or rather I can say transparent in there intent.
3. As a placement coordination I would have used my networking skill to get more companies for on-campus and at a same time I would advise student to have patience and fine tune their vocational skills.
4) Fortunately not yet.
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