Pomerantz Law Firm Investigates Innodata Inc. Following Mass Layoffs and Stock Price Drop
Pomerantz LLP has launched an investigation into Innodata Inc. (NASDAQ: INOD) to determine if the company or its executives engaged in securities fraud or unlawful business practices. The probe follows reports that the company abruptly laid off approximately 550 employees in India and additional staff in the Philippines during mid-shift operations on October 26, 2026. The layoffs were reportedly attributed to a rapid 'ramp-down of the business assignment.' Following these reports, Innodata's stock experienced significant volatility, dropping $15.17 per share, or 25.32%, to close at $44.74 on October 27, 2026. The investigation seeks to protect investor interests regarding potential corporate misconduct related to these operational changes.
Tickers: $INOD
Topics: class action lawsuit layoffs securities fraud investigation stock price volatility