ThePeoplesBoard Layoff Tracker – India, 2026 Edition

From startups to large companies, ThePeoplesBoard layoff tracker maps layoffs in India, shaping the employment outlook in 2026.
ThePeoplesBoard Layoff Tracker - India, 2026 Edition
ThePeoplesBoard Layoff Tracker – India, 2026 Edition
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Wednesday January 21, 2026
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Layoffs and attrition have become a defining reality of today’s evolving workplace. From global tech giants to emerging startups, workforce reductions are reshaping careers, organisations, and entire talent ecosystems

Behind every layoff announcement are people, roles, and careers in transition. As organisations recalibrate strategies amid economic, technological, and structural change, workforce reductions continue to make headlines

This live tracker documents some of the significant layoff announcements affecting the Indian workforce across industries, offering HR leaders, professionals, and job seekers a continuously updated view of how the employment landscape is shifting in real time.

For HR leaders, talent professionals, and employees alike, these numbers are more than statistics. They reflect strategic resets, cultural shifts, and real career transitions. Tracking them helps make sense of the broader patterns shaping today’s workforce.

Let’s take a closer look at the document. If you want to share a tip about a layoff, please feel free to connect with us using this link. Your identity will be kept anonymous.


September 2026 Layoffs

Samsung

Samsung India has begun cutting 80–100 executives across its television and home appliance businesses, with exits carried out in batches spanning director-level officials, team leads, and branch and area managers. The cuts respond to rising input costs, weak consumer demand, doubled memory-chip prices and margin pressure.

Termination letters went out over recent days, some without notice periods, with severance of three months’ salary plus a month’s pay per year of service. Industry sources suggest up to 25% of consumer-electronics sales and marketing staff could eventually be affected. The smartphone division, generating roughly three-fourths of revenue, remains untouched.

Paypal

PayPal has laid off around 600 employees in India, roughly 10% of its local workforce, across Chennai, Bengaluru and Hyderabad, spanning technology, engineering, operations, payments and finance. Terminations began with calls on 31 August 2026; system access was revoked immediately afterwards, and some staff were let go by email.

Those affected received one month’s severance and placement support, though several awaited final settlements. The move is part of a May 2026 plan to cut PayPal’s global workforce by about 20% over two to three years, targeting $1.5 billion in savings. India remains one of PayPal’s largest engineering bases outside the US.

Zomato

Zomato has laid off roughly 240 employees and is closing its Hyderabad “Customer Delight” support centre, consolidating the remaining in-house team at its Gurugram headquarters. Affected staff were informed on 31 August 2026. Over six months, more support work has shifted to external partners, leaving a leaner team positioned closer to product and tech functions.

Severance is generous: August salary plus four months’ pay, medical insurance and counselling until May 2027, and ownership of work devices. Some staff may relocate instead of exiting. It follows last year’s 600 support-associate cuts, reflecting Zomato’s growing reliance on automation and third-party vendors.


August 2026 Layoffs

Visa

Visa is cutting about 2,600 roles, or 7% of its global workforce, in an AI-linked restructuring, with India, its largest tech hub outside the US, hit hard. Many Indian employees learned of their termination through an early-morning HR email on July 29. CEO Ryan McInerney announced the cuts in a July 28 internal memo, coinciding with fiscal third-quarter earnings, mainly affecting technology and product divisions.

Staff said entire teams were gutted, including engineers, managers and two-decade veterans in Bengaluru. The company framed it as efficiency and reinvestment in cross-border payments and stablecoin infrastructure. The cuts follow similar reductions at Mastercard and Block.

ServiceNow

ServiceNow cut several hundred jobs in a global restructuring beginning the week of July 27, 2026, with India teams among the first affected. The US enterprise software major, employing roughly 30,000 worldwide, described the reduction as a “low single-digit” percentage.

The cuts came despite quarterly results beating Wall Street expectations, with CEO Bill McDermott committing to end 2026 at the same headcount it started, offset by aggressive AI-focused hiring and absorption from the Armis and Veza acquisitions. Notifications reportedly went out via early-morning calls and calendar invites. ServiceNow runs major centres in Bengaluru, Mumbai, Gurugram and Hyderabad, among its largest workforces globally.


July 2026 Layoffs

Ola Krutrim

Krutrim, India’s first AI unicorn, laid off around 20 to 25 employees in its second job-cut round of 2026, hitting product and engineering teams, per The Economic Times. The Ola-backed company had earlier trimmed sales, go-to-market and business operations roles. Krutrim framed the move as routine recalibration rather than retrenchment, citing periodic structural reviews as it scales.

The pattern stretches back to July 2025, when over 100 roles were reportedly cut, and a September round affecting roughly 50 in linguistics. The cuts follow a May pivot toward AI cloud services and infrastructure. Notably, revenue reached around ₹300 crore in FY26, nearly tripling year-on-year.

TV Today Network

Around 120 employees were asked to resign or were terminated at TV Today Network, parent of Aaj Tak and India Today, between July 20 and 24, 2026, in what staff were told was restructuring, per Newslaundry. Most cuts hit the Aaj Tak Hindi website team, alongside camera operations, editing, graphics, fact-checking and radio.

Employees described being summoned with little warning and asked to surrender laptops and IDs the same day; one 13-year veteran said he felt cheated. Those resigning got two months’ full salary; the terminated got two months’ basic pay. The cuts followed an 81% net profit fall to about ₹14 crore in FY26.

CorroHealth

Kerala’s labour department summoned Texas-based medical coding firm CorroHealth for a July 6 meeting after it abruptly terminated nearly 900 staff across Kochi and Kozhikode without notice. Employees were logged out of systems within hours on July 3 and told operations were shutting permanently.

The company cited financial constraints, but workers noted simultaneous hiring in Hyderabad and Uttar Pradesh. Labour Minister Bindhu Krishna objected to CorroHealth crediting three months’ salary overnight, viewing it as an attempt to finalise exits before talks. The state rejected the firm’s reliance on new labour codes, unimplemented in Kerala. Workers sought reinstatement or ten months’ compensation.


June 2026 Layoffs

91trucks

Commercial vehicle marketplace 91trucks has restructured operations, cutting staff and shutting nearly two dozen stores, mostly in southern India and Madhya Pradesh. The scale of layoffs is contested. Entrackr pegged the cut at nearly 70%, bringing headcount from 150 to about 50.

CEO Siddharth Sharma, in an internal note, claimed only 30% were affected, with headcount still above 200. Six months of soft demand in commercial vehicles, driven by cautious operator spending and fuel costs, triggered the move. The startup is now focusing on North India through new dealership tie-ups.


May 2026 Layoffs

Apna Mart

Accel and Peak XV-backed grocery delivery startup Apna Mart laid off around 10% of its workforce, affecting 35 to 40 employees across functions, in what is being reported as its first major round of cuts. The company has not officially commented on the development.

The restructuring is tied to two parallel decisions. First, Apna Mart has increased the use of AI and automation across parts of its operations, rendering several roles redundant. Second, the company has shifted its product and technology teams from Bengaluru to Gurugram, with some employees unable to relocate. Operational teams will continue working from cities where Apna Mart currently operates.

Pocket FM

Audio storytelling platform Pocket FM let go of around 100 employees across its content and product teams, roughly 10% of its workforce, with sources indicating another round could affect up to 15% by the end of June 2026. The company has internally classified the exits as performance-related, while 30 to 40 employees have been placed on improvement plans. Pocket FM has also moved nearly 2,000 contract workers servicing its US business to staffing firm Quess Corp.

The cuts come despite strong revenue momentum, with annual recurring revenue at USD 450 million, doubling in 12 months, and FY25 revenue of ₹1,768 crore. The company is reportedly in talks to raise USD 100-120 million at a valuation of up to USD 2 billion, even as it restructures around AI-led content and automation.

Freshworks

Freshworks laid off around 500 employees, roughly 11% of its global workforce, as part of an AI-led restructuring announced on May 6, 2026. CEO Dennis Woodside framed the cuts as a structural shift to concentrate resources on Freshservice and the Employee Experience business, telling Reuters that over half of the company’s code is now written by AI tools. Freshworks pegged restructuring charges at USD 8 million.

This was the company’s second major layoff in under two years, following 660 cuts in November 2024 under a similar AI-led efficiency push. Q1 revenue rose 16% year-on-year to USD 228.6 million, with Q2 projected between USD 232 million and USD 235 million. It marks the second profitable Indian-origin SaaS firm to cite AI directly as the cause of layoffs in 2026.


March 2026 Layoffs

Oracle

On March 31, 2026, Oracle laid off around 12,000 employees in India as part of a global restructuring affecting an estimated 20,000–30,000 workers worldwide, roughly 18% of its total workforce. Termination emails were sent at 6 AM under the name “Oracle Leadership,” with system access cut simultaneously and no prior managerial conversations. A second round of layoffs in India is reportedly expected within a month.

The severance package includes 15 days’ salary per year of service, notice pay, gratuity, and a two-month salary top-up contingent on voluntary resignation. Oracle has raised its restructuring cost estimate to $2.1 billion for FY2026, with the cuts expected to free up $8–10 billion in annual cash flow to fund its $50 billion AI infrastructure expansion.

Atlassian

Atlassian has announced plans to cut about 1,600 jobs, nearly 10% of its global workforce, to fund increased investment in artificial intelligence and enterprise sales. Around 250 of the layoffs will occur in India, with the largest share in North America and Australia. Over 900 affected roles are in research and development.

CEO Mike Cannon-Brookes said the move supports the company’s “System of Work” restructuring. CTO Rajeev Rajan will step down on March 31, 2026. The layoffs reflect wider tech-industry cuts, including workforce reductions at Block and Amazon amid rising competition from AI-native software.


February 2026 Layoffs

Livespace

Livspace has laid off about 1,000 employees, which accounts for about 12% of its total workforce. According to media reports, this move comes as part of the company’s internal restructuring.

The company is said to have made this move as it aims to become an AI-native organisation. However, the company is also reported to have been facing external funding over the past four years, creating an absence of profitability, according to Entrackr.

Myntra

E-commerce app Myntra has reportedly laid off about 50 employees to move a part of its operations from Gurugram to its Bengaluru-based headquarters. 

According to media reports, the move will impact the company’s catalogue team as it aims to integrate certain roles into larger teams based out of Bengaluru while phasing out others. Though the company did not make statements publicly, media reports suggest that the company is bearing severance pay, outplacement support and extended insurance cover to affected employees.


January 2026 Layoffs

Ola Electric

Ola Electric is set to lay off 5% of its workforce as part of a new restructuring move for ‘improving profitability’ through automation.

About 620 people are going to be affected by the move, given that the total headcount of the company is about 12,396, Reuters reported.

The company is doubling down on speed and discipline through increased automation. The move is likely to affect front-end operations. The company said that it is going to build a leaner organisation for better long-term growth.

Amazon

According to media reports, the latest move could affect about 16,000 employees globally. The move comes as part of a wider restructuring drive that could see about 30,000 corporate roles eliminated by mid-2026

This round of layoffs is expected to hit the Indian employees harder. The eliminations may include workforce from AWS, Prime Video, retail operations, and the People Experience and Technology (PXT) division, Amazon’s internal HR arm. Indian corporate teams, particularly those based in cities such as Bengaluru, Hyderabad, and Chennai, are seen as especially vulnerable this time, according to India Today.

TCS

TCS has been making headlines due to the shifting workforce strategies. And, starting in 2026, was not an exception. As the year started, the company announced that its workforce had gone down by 11,151

The layoff plan was announced in 2025. In July last year, the company made it official that by the end of 2025, about 12,000 employees would be affected by layoffs

In Q2 FY26, TCS had seen a decrease of 19,755 employees, having had 613,069 at the start.

Amazon

According to media reports, the latest move could affect about 16,000 employees globally. The move comes as part of a wider restructuring drive that could see about 30,000 corporate roles being eliminated by mid 2026

This round of layoffs is expected to hit the Indian employees harder. The eliminations may include workforce from AWS, Prime Video, retail operations, and the People Experience and Technology (PXT) division, Amazon’s internal HR arm. Indian corporate teams, particularly those based in cities such as Bengaluru, Hyderabad, and Chennai, are seen as especially vulnerable this time, according to India Today

Sun Pharma

Sun Pharma Advanced Research announced recently that it is going to downsize the headcount by as much as 40%. However, it is focusing on removing over 80% of its employees based in the US.

It is projected that, by FY27, the Mumbai-based pharma company’s workforce count will be at 246, significantly less than 409 in FY24. The company may also consolidate its lab operations from four locations to two, between Vadodara and Mumbai.

Additionally, the company may also partly outsource its research work to clinical research organisations or contract development and manufacturing organisations

HCL

HCL Technologies announced that there has been a slight decline in its workforce by 261 employees

Though HCL Technologies announced that there has been an addition of 2,852 freshers, a slight decrease in the workforce by 261 has also been noted.

This counts to a final headcount of final workforce count to 2,26,379. The company stated that given the ratio between the alternations in the workforce, HCL’s work culture is being shaped by attrition and selective rationalisation. 

The tech giant reported that it had added 3,489 employees to its workforce, which had declined by 269 employees in Q1 FY26. In the September quarter, the company had onboarded 5,196 freshers. For Q3, the entry-level hiring remained intact, and the overall headcount has been moderated through exits and targeted adjustments.

Sony Pictures

The entertainment industry is also not an exception to the clutches of layoffs. Reportedly, Sony Pictures is planning to lay off more than 100 people. Economic Times reported that the move comes as part of the company’s plans to restructure its operations to recalibrate its business strategy as market conditions become tougher.

The company, which currently owns 28 TV channels, is likely to outsource its post-production, consequently affecting the segment. The remaining job losses are expected to come from marketing, advertising, sales and Broadcast Operations & Network Engineering (BONE). 

ET has linked this move to Gaurav Banerjee taking over as the CEO in 2024. 

Sony will likely reveal a new structure by the end of this month.

Sapiens

Global software company Sapiens is planning a job cut, which is likely to affect the US and India-based workers. In India, the company has about 2000 employees. 

Following an acquisition worth $2.5 Bn by private equity firm Advent, the company’s headquarters shifted to London from Holon, Israel. Thus, as a part of restructuring, Sapiens is planning to lay off about 10% of its workforce, consisting of 5,400 people. 

Tech Mahindra

Yet another IT firm, Tech Mahindra, announced that the company’s headcount went down by 3,098 in the October 2025 – December 2025 quarter (Q3 FY26).

It said that, particularly, the number of IT employees within the company decreased by 2,334 in Q3 FY26. This marked a year-on-year decrease of 872 when compared to December 2024.

However, according to Tech Mahindra’s quarterly report, the last twelve-month (LTM) attrition rate has decreased to 12.3% in Q3 FY26 from 12.8% in the previous quarter.

Disclaimer: This list is live and will be updated as new layoff news surfaces.

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