Tejasw Agrawal, a recent graduate, faced a significant setback when his software development job offer from Oracle was rescinded for the second time, just five days before his scheduled joining date of August 18. This repeated withdrawal, following an initial revocation in May and a re-offer in July, has left Agrawal in a difficult position, as he had declined other opportunities.
Repeated Disappointment for Recent Graduate
Agrawal's ordeal began in May 2026 when his pre-placement offer (PPO) for a software development role at Oracle was first revoked. Despite this, Oracle extended the same offer again in July, confirming an August 18 start date. Trusting the company, Agrawal completed all necessary documentation, joining formalities, and even booked flight tickets for relocation. However, on August 13, he received the devastating news that the offer was withdrawn once more.
"Re-offered. Revoked again," Agrawal shared in a LinkedIn post, expressing the profound difficulty of experiencing such uncertainty twice as a fresher. He also noted giving up other career prospects after being assured the Oracle offer was final.
Oracle's Broader Restructuring and AI Investments
The revocation comes amidst reports of Oracle planning another round of job cuts before its second fiscal quarter begins on September 1. This follows a significant workforce reduction of 21,000 employees in fiscal 2026, representing a 13% cut. While Oracle has not publicly commented on the reasons for rescinding Agrawal's offer, the timing coincides with the company's efforts to manage costs while heavily investing in AI infrastructure.
According to a Business Insider report, Oracle spent $55.7 billion on infrastructure in fiscal 2026, exceeding cash generated by $23.7 billion. To fund this expansion, the company raised $48 billion through debt and stock in fiscal 2026 and plans to raise another $40 billion this fiscal year. Despite robust demand driving a 17% overall revenue increase and 77% growth in cloud infrastructure, heavy spending has pressured costs, contributing to a nearly 26% drop in Oracle's stock this year.
Agrawal Seeks New Opportunities
Undeterred by the repeated setbacks, Agrawal remains resolute. "Starting again, but not giving up," he stated online, appealing to recruiters and industry professionals for support in securing a new role. He is actively seeking positions in software development, software engineering, and AI engineering. His LinkedIn profile indicates a prior three-month internship at Oracle and a BTech degree in Electrical Engineering from Motilal Nehru National Institute of Technology.