Paytm Job Cuts

Paytm warned of job cuts and said it would trim non-core assets after reporting its first sales decline on record, reflecting fallout from a regulatory probe that curtailed much of the Indian fintech pioneer’s business.

Paytm warned of job cuts and said it would trim non-core assets after reporting its first sales decline on record, reflecting fallout from a regulatory probe that curtailed much of the Indian fintech pioneer's business.

One 97 Communications, parent of fintech firm Paytm, confirmed a "slight reduction" in its workforce on Monday as part of cost-cutting measures without specifying the number of jobs. A company spokesperson, however, denied recent media reports that have suggested the non-bank lender could cut more than 1,000 roles.

Paytm warned of job cuts and said it would trim non-core assets after reporting its first sales decline on record, reflecting fallout from a regulatory probe that curtailed much of the Indian fintech pioneer’s business.

Paytm warned of job cuts and said it would trim non-core assets after reporting its first sales decline on record, reflecting fallout from a regulatory probe that curtailed much of the Indian fintech pioneer's business.

One 97 Communications, parent of fintech firm Paytm, confirmed a "slight reduction" in its workforce on Monday as part of cost-cutting measures without specifying the number of jobs. A company spokesperson, however, denied recent media reports that have suggested the non-bank lender could cut more than 1,000 roles.