US EditionTech Mahindra Denies Social Media Rumours of Mass Layoffs
Tech Mahindra refutes claims of cutting 15,000 to 30,000 jobs, affirming no plans for major layoffs amid IT sector layoff rumors, company said.
- On Monday, March 9, 2026, Tech Mahindra sent an official clarification to BSE and NSE refuting rumours of mass layoffs circulating on social media.
- After receiving several calls and seeing posts, the company issued a statement following multiple social media posts and phone calls alleging large headcount cuts amid IT sector layoff discussions.
- Online discussions floated a 15,000–30,000 job impact, suggesting concerns among employees, shareholders, and investors about the rumours.
- Tech Mahindra insisted there is no plan for major cuts, saying no proposal for a major headcount reduction is currently under consideration and it is fully complying with SEBI listing disclosure requirements.
- The episode heightened sector uncertainty, as it affected employees and investor confidence and underscored the need for timely regulatory disclosures in the IT sector.
15 Articles
15 Articles
Tech Mahindra denies mass layoff rumours, says no proposal for major headcount reduction
IT company Tech Mahindra on Monday, March 9, 2026, completely refuted rumours of mass layoffs circulating on social media and in the market. The company clarified that no proposal for a major headcount reduction is currently under consideration. In an official clarification sent to the stock exchanges, BSE and NSE, Tech Mahindra stated that it had received several phone calls and noticed social media posts spreading rumours about a massive reduc…
Times of India
The Economic TimesTech Mahindra denies rumours of major layoffs, says no proposal under consideration
Tech Mahindra has officially denied market rumors about significant job cuts. The IT services company stated that no proposal to reduce its workforce is currently under consideration. This clarification addresses recent social media posts and inquiries from stakeholders. Tech Mahindra assures compliance with all disclosure norms for listed firms. The company is committed to its operational stability.
Tech Mahindra refutes social media claims of mass layoffs
New Delhi: IT major Tech Mahindra on Monday denied social media rumours that it plans a large‑scale job cut, saying no such proposal is under consideration. "The company has received calls and has noted certain social media posts regarding a market rumour of a potential significant reduction in headcount," the company said in an exchange filing. "In view of the above speculation, the company on its own accord considers it necessary to clarify t…
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