New Delhi, March 9 Tech Mahindra, an IT services company, strongly denied market speculation on Monday regarding a possible significant reduction in workforce.
In response to the speculation, Tech Mahindra stated that it finds it necessary to clarify that no such proposal is under consideration.
The company cited calls and certain social media posts regarding a "market rumour" of a potential significant reduction in headcount.
"The company has received calls and has noted certain social media posts regarding a market rumour of a potential significant reduction in headcount.
"In light of the above speculation, the company independently considers it necessary to inform the Stock Exchanges that no such proposal is under consideration and categorically denies any such market rumours," it added.