Innodata shares plunge 20% after 550 layoffs in India and Philippines spark investigation.

Innodata's stock dropped over 20% on October 27, 2026, after reports revealed the company laid off nearly 550 employees in India and the Philippines due to reduced business. This workforce reduction represents more than 5% of its global staff and has triggered an investigation into whether Innodata adequately disclosed risks to investors. The probe focuses on potential misleading statements about the company's growth and workforce status. Investors who suffered losses are encouraged to review their options for recovery through legal channels.

Innodata's market cap stands at $2.06 billion as of October 28, 2026, 09:51 WIB, with a trading volume of 737,716 shares on Pluang. The stock price is currently $45.10, down 24.72% in one day, reflecting significant investor reaction following recent company developments. Despite this, Pluang order activity shows a majority of 63% buying interest compared to 37% selling, indicating some investor confidence amid the volatility.