paytm layoffs: Paytm fires over 1,000 across units amid cost-cutting
One 97 Communications, parent of Paytm, has laid off more than 1,000 employees at multiple units, two people in the know told ET. The publicly listed financial services firm is looking to cut costs as it realigns its various businesses. The job cuts took place over the last few months, said one person. The move is likely to affect at least 10% of the overall headcount and comes on the back of Paytm withdrawing from small-ticket consumer lending and the ‘buy now pay later’ segment, following a regulatory clampdown on…