Mahindra says it let go of 146 employees in 12 months; denies easing out senior management The company also refuted that it was planning to retrench employees at Mahindra Research Valley. "In fact, we continue to recruit talent, which will further accelerate as we ramp up our EV strategy" BusinessToday.In | March 11, 2021 | Updated 00:16 IST Mahindra also added that there were no lay offs among its blue collar workers Homegrown auto major Mahindra and Mahindra on Wednesday said it let go of 48 employees in the last 12 months due to redundancies and another 98 employees have been given 6 month's notice to find another job. Together, this comprises 1.3 percent of its white collar employees, it said in a filing to the Bombay Stock Exchange. M&M denied it eased out senior professionals from the company.