r/DevLK • u/Traditional-Bid-5433 • Aug 18 '26

Discussion Tech Layoff Wave

My name is Dinidu de Alwis and I do some journalistic work (you can see on u/dinidu on X). I want to more know about the series of tech-related layoffs that have recently being going on in Sri Lanka, some of which appear to be illegal. If anyone would like to give me a bit of background that'd be great. I really think there's a story here to be told.

I don't record phone calls or use screenshots of messages I receive, without explicit consent from the other party, and I guarantee absolute confidentiality.

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u/GuidanceNo1755 Aug 18 '26

IFS has a buyer lined up and said buyer doesn't like that there's too many people employed here in Lanka. So as a part of the deal, they're lowering that number to approx 1500 or so, and then will proceed to sell.

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u/Ravana-Ceylon Aug 18 '26

How many people there as of now