DBT Bureau
Pune, 9 March 2026
Tech Mahindra Limited on Monday issued a clarification to stock exchanges denying market rumours about a potential large-scale layoff in its workforce.
In a regulatory filing submitted to both the BSE and NSE of India, Tech M stated that it has noticed certain social media posts and received calls regarding speculation about a significant headcount cut.
Responding to the rumours, the company categorically denied that any 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. In view of the above speculation, the Company on its own accord considers it necessary to clarify to the Stock Exchanges that no such proposal is under consideration and categorically denies any such market rumours,” the company said in its filing.
Tech Mahindra further said that it continues to comply with all relevant disclosure norms under SEBI listing regulations. The company also noted that the clarification has been uploaded on its official website for public information.
