Bengaluru – One 97 Communications, mum or dad 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, nonetheless, denied latest media reviews which have advised the non-bank lender may minimize 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 instructed Reuters.
Paytm is overhauling its operations in an try to realize its first web revenue since itemizing in November 2021.
Throughout its fiscal yr to end-March 2023, Paytm had a median of 32,798 instantly employed employees and 1,589 contracted workers worldwide throughout its numerous models, its annual report confirmed.
(Reporting by Manvi Pant in Bengaluru; Enhancing by Andrew Cawthorne, Kirsten Donovan)
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