Paytm Announces Layoffs Amid Restructuring Efforts

Paytm revealed on that it is implementing a strategic realignment plan that includes the layoff of an undisclosed number of people.

The company's sales employee headcount saw a significant drop in March 2024. Falling by approx. 3,500 to 36,521 personnel on a quarter-on-quarter basis.

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One97 communications, (Paytm) didn't reveal precise figure of workers affected by this reorganization, albeit the layoffs.

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One97 Communications assured that it will provide outplacement support to facilitate a smooth transition for affected employees.

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