Bengaluru – One 97 Communications, mum or dad firm of fintech agency Paytm, on Monday confirmed a “small discount” in its workforce as a part of cost-cutting measures, with out specifying the variety of jobs.
Nonetheless, an organization spokesman dismissed latest media reviews which have advised the non-bank lender may minimize over 1,000 roles.
“We will save 10-15% in employees prices as synthetic intelligence (AI) has delivered greater than we anticipated,” the spokesperson informed Reuters.
Paytm is overhauling its operations in a bid to submit its first internet revenue since its November 2021 IPO.
Through the monetary 12 months to the top of March 2023, Paytm had a median of 32,798 direct staff and 1,589 contract staff worldwide throughout its numerous models, its annual report confirmed.
(Reporting by Manvi Pant in Bengaluru; Enhancing by Andrew Cawthorne, Kirsten Donovan)