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 jobseekers 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 on this link. Your identity will be kept anonymous.   

January 2026 Layoffs: Ola Electric, Amazon, TCS, Sun Pharma, HCL, Sony Pictures, Sapiens, Tech Mahindra, Ola Electric

February: Myntra, Livspace

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

Ecommerce 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.

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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