Visa, Technicolour, PayPal and Fidelity have each cut hundreds of positions at technology offices in India, as AI prompts companies to reassess operations. For workers, the multinational job machine that offered relief amid domestic hiring cuts is showing its limits.
Who Has the Power
The cuts affect Indian technology offices known as global capability centers. Industry executives say AI is prompting companies to rethink their large workforces, according to Nikkei Asia's report from Bengaluru. Companies make the staffing decisions; workers face the consequences. The report gives no details about which roles were cut, how many workers lost jobs beyond “hundreds” at each company, or what support those affected received.
That absence matters. The reported figures show the scale of cuts, but the article provides no direct account from workers who lost positions. They aren't quoted, and the report offers no details of worker-organized responses, mutual aid, or direct action. The companies and industry executives appear in the account; the people bearing the cost don't get to explain it in their own words.
A Job Source Under Pressure
In recent years, multinational companies establishing technology offices in India brought relief to a workforce under pressure. Domestic software companies had cut back on hiring amid stagnant revenue, the report says. The multinational offices became another source of jobs as those domestic firms pulled back. Now that source is struggling too.
The sequence is plain: domestic companies reduce hiring, multinational firms expand technology offices, and then those same multinational employers each cut hundreds of positions. The report links the new reassessment to AI, but it doesn't say AI alone caused each company's cuts. Industry executives say the technology is prompting companies to rethink large workforces. That distinction matters: workers are living with cuts while the stated business rationale remains broad.
The report doesn't describe legislative proposals, elections, or government intervention. It also doesn't mention nonprofits or institutional aid providers, or identify any funding or services for affected workers. There's no reported community response to set against decisions made inside multinational companies. The article leaves that space empty rather than supplying an answer it doesn't have.
The Corporate Decision, the Worker’s Cost
Nikkei Asia's Sayan Chakraborty reported from Bengaluru. The report appeared Oct. 9, 2026, at 12:22 JST. It names four companies and says each cut hundreds of positions at Indian technology offices; it gives no combined total, individual company figures, or breakdown by location or job type.
That is the hard outline: multinational employers reassessing operations as AI changes their calculations, while a workforce loses positions after the domestic sector had already cut hiring. The reported relief never meant workers held control. It depended on companies continuing to find those jobs useful. Now those companies are rethinking the workforce, and the people in it are left outside the decision.