Indian IT services company Tech Mahindra has denied widespread rumours suggesting that it is planning large-scale layoffs. In response to these claims, Tech Mahindra released an official statement to stock exchanges stating that there is no proposal under consideration to reduce its workforce. However, Tech Mahindra dismissed these assumptions and said that there is no connection between its AI initiatives and the alleged layoffs. Like many global technology companies, Tech Mahindra is expanding its capabilities in artificial intelligence and advanced digital platforms. By issuing an exchange filing, Tech Mahindra ensured that the clarification was formally communicated to the market.

Source: Economic Times March 09, 2026 22:27 UTC