After barely two months of joining Clear (formerly ClearTax), some freshers have been laid off by the Indian tax and financial services platform. The move is reportedly part of a restructuring exercise.
Of the 25 per cent of the team affected by the layoffs, primarily software engineers, a good number had joined as recently as in June 2025.
While Clear confirms the layoffs, it maintains that only 16 per cent of the workforce is affected. Media reports say that about 145 new hires have been impacted, being let off with severance packages as per the standard in the sector.
According to Entrackr, a company spokesperson has reportedly conveyed that the impacted employees have been offered enhanced severance packages, with continued health insurance and outplacement support.
Some of those laid off have freshly graduated from the Indian Institutes of Technology and feel the layoffs, barely two months into joining, are rather unfair. After all, these freshers were all raring to go and eager to learn when they joined and have not even been given enough time to prove their mettle or show their skills. This sudden end to their jobs has rattled them, with most taking to LinkedIn to share their resumes and make their availability for jobs known.
ClearTax was launched as a tax-filing platform at first and was later rebranded as ‘Clear’ about four years ago. Now, the platform offers a wide range of financial services and products.