India, Sept. 16 -- German sportswear major Adidas has begun large-scale layoffs at its India Technology Hub in Gurugram, media reports said.

The layoffs are expected to affect an estimated 350 or more employees out of a workforce of around 700, people familiar with the matter told Wocult.

The job cuts, which could affect roughly 45-50 per cent of the hub's workforce, include software engineers, data scientists and data engineers, according to the report.

The company announced the layoffs during a town hall meeting on September 15.

According to people familiar with the matter, affected employees were divided into two groups.

Employees who do not secure another role by December 15 have been informed that the date will be their last wor...