Over 1K Paytm Employees Laid Off

Published On: December 26, 2023 - Paytm fires over 1,000 employees in an effort to reduce costs and realign its businesses. The job cuts to impact 10% of Paytm's workforce. Meanwhile, the company is developing a large-scale AI system for financial institutions to detect and prevent risks and fraud. Simultaneously, the company streamlines operations by automating repetitive tasks and encourages employee adaptation to AI.