Innodata Lays Off Nearly 550 Employees In India: Report
US-based AI services company Innodata terminated nearly 550 employees in India following what appears to be a major client project cancellation. The company attributed the layoffs to a ramp-down of a business assignment and clarified the decision was not performance-related. Affected employees lost system access during the workday and received termination notices via personal email, with severance to be processed via demand draft once company assets are returned.
Key points
- Nearly 550 Indian employees laid off (~5% of global workforce)
- Triggered by major client project pullout, not performance
- Employees locked out mid-workday; final settlements prepared via demand draft
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