Just got to know layoffs happening at IVY today, can anyone please confirm?

Yes. The information is accurate. Ivy also started laying off employees. And many people have been affected by these layoffs. Employees opined that these layoffs were not based on performance, but rather for some unknown reasons. There are many who have stated that the new recruits have been laid off in 6 months. There are some employees who also stated that a team of 100 employees has been laid off via email.