Pharma major Dr. Reddy's Laboratories has on Monday said there was no reduction of 25 per cent workforce to bring down operational costs. Reacting to reports in a section of media, the Hyderabad-based company said, "We wish to clarify that the said news is factually incorrect. We categorically deny the claim of a 25 per cent workforce cost reduction and the other claims mentioned in the said news article." "The company does not comment on market speculations and there is currently no such event or information which requires a disclosure under Regulation 30 of the SEBI Listing Regulations,'' the drug-maker informed the bourses. Published on April 14, 2025