Innodata lays off nearly 550 employees in India

US-based AI services company Innodata has reportedly cut nearly 550 jobs in India, about 5% of its global workforce. Termination letters cited a ramp-down of a business assignment, and layoffs were also reported in the Philippines.

• Cuts hit about 5% of Innodata's 10,107 employees worldwide
• Staff lost system access on October 26; termination emails went to personal accounts
• Company cited a business assignment ramp-down, not individual performance
• Innodata lists Google, Microsoft and Amazon among its clients