Bengaluru – One 97 Communications, dad or mum of fintech agency Paytm, confirmed a “slight discount” in its workforce on Monday as a part of cost-cutting measures with out specifying the variety of jobs.
An organization spokesperson, nevertheless, denied latest media studies which have urged the non-bank lender may 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 internet revenue since itemizing in November 2021.
Throughout its fiscal yr to end-March 2023, Paytm had a mean of 32,798 straight employed workers and 1,589 contracted staff worldwide throughout its numerous models, its annual report confirmed.
(Reporting by Manvi Pant in Bengaluru; Modifying by Andrew Cawthorne, Kirsten Donovan)
