BENGALURU: One 97 Communications, dad or mum of fintech agency Paytm, on Monday confirmed a “slight discount” in its workforce as a part of cost-cutting measures, with out specifying quite a lot of jobs.
An organization spokesperson, nevertheless, denied latest media studies which have urged the non-bank lender might lower greater than 1,000 roles.
“We can save 10-15% in worker prices as synthetic intelligence (AI) has delivered greater than we anticipated it to,” the spokesperson informed Reuters. Paytm is overhauling its operations in an try to attain its first web revenue since itemizing in November 2021. Throughout its fiscal yr to end-March 2023, Paytm had a median of 32,798 straight employed employees and 1,589 contracted staff worldwide, throughout its varied models, its annual report confirmed.
An organization spokesperson, nevertheless, denied latest media studies which have urged the non-bank lender might lower greater than 1,000 roles.
“We can save 10-15% in worker prices as synthetic intelligence (AI) has delivered greater than we anticipated it to,” the spokesperson informed Reuters. Paytm is overhauling its operations in an try to attain its first web revenue since itemizing in November 2021. Throughout its fiscal yr to end-March 2023, Paytm had a median of 32,798 straight employed employees and 1,589 contracted staff worldwide, throughout its varied models, its annual report confirmed.
