Tech Mahindra Rejects 30,000 Layoff Rumors, Calls Claims False

• Tech Mahindra denies social media claims of 30,000 layoffs, stating no such proposal is under consideration.
• The IT services company clarified in an exchange filing that rumors circulating on platform X are incorrect.
• Social media posts linked alleged job cuts to increasing adoption of artificial intelligence.
• Tech Mahindra employs nearly 150,000 globally; workforce size has remained stable in recent quarters.
• Company focuses on improving productivity and redeploying employees, not reducing headcount, despite increased AI investments.