Tech Mahindra Denies Rumours of Major Headcount Reduction

Tech Mahindra Ltd has denied market rumours suggesting a significant reduction in employee headcount, saying no such proposal is under consideration.
In a clarification to stock exchanges on Monday, the company said it had received calls and noticed certain social media posts referring to a potential large-scale workforce cut.
Responding to the speculation, Tech Mahindra said it considered it necessary to clarify that the reports are incorrect and that it categorically denies the rumours.
The company added that it continues to comply with the disclosure requirements under the Securities and Exchange Board of India’s listing regulations.
Tech Mahindra also said the clarification has been uploaded on its website for public information.