Innodata Lays Off Nearly 550 Employees In India: Report

US-based Innodata has become the latest company to lay off a big chunk of its staff in India. The AI services company reportedly axed nearly 550 jobs in the country, nearly 5% of its global workforce. According to a termination email reviewed by India Today, the company cited a “ramp-down of the (a) business assignment” as the reason for the layoffs.