A one-day selloff cut Innodata’s market value by about $500 million Tuesday, Oct. 27, as shares fell more than 25% following employee reports of close to 550 India job cuts.
The company has not publicly confirmed the estimate. A notice to one employee lists Oct. 26 as the role’s end date and cites a “ramp-down of the business assignment.” It leaves the customer and number of affected jobs unspecified.
Innodata supplies AI labs with labeled data and safety evaluations.
Its two largest customers accounted for about 71% of revenue in the three months ended June 30, 2026. The largest customer represented roughly 37%, while the next-largest supplied 34%. The quarter closed nearly four months before the employee notice’s Oct. 26 end date.
Innodata plans to publish third-quarter 2026 results after trading ends Nov. 5. An investor call is scheduled for 5 p.m. ET (22:00 UTC).
