Paytm layoffs: Over 1000 employees fired; company cites AI benefits as the big reason

Paytm layoffs: Paytm’s parent company, One97 Communication, has fired more than 1000 employees. The company says AI advancement has led to optimizing its workforce and it seeks to eliminate repetitive tasks.

Updated on: Dec 25 2023, 16:53 IST
Paytm
Paytm layoff: The tech firm has fired more than 1000 employees across various departments as a cost-cutting strategy. (REUTERS)
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