Innodata abruptly laid off hundreds of employees at key development and data annotation sites, such as India (approximately 550 affected employees) and the Philippines.
Reason: According to termination letters and employee reports, a major AI client has drastically reduced its business volume (“business assignment”) with Innodata.
Why this is dangerous: Innodata is already suffering from a very high concentration of customers (a large portion of its revenue depends on a few tech giants or hyperscalers). A loss or reduction in orders from a key client directly impacts its earnings.
