Skip to main content

Paytm cuts jobs across units, termed 'biggest startups layoffs on 2023'

One 97 Communications, the parent company of Paytm, has laid off over 1,000 employees in multiple units. This move comes as the company looks to cut costs and realign its businesses. The layoffs, which affect at least 10% of the overall headcount, are the steepest implemented by an Indian new-age tech company in 2023. Most of the job losses are in Paytm's lending business, which has expanded significantly over the past year. Paytm aims to save 10-15% of staff costs this fiscal year through artificial intelligence-led automation.

from Gadgets News – Latest Technology News, Mobile News & Updates https://ift.tt/dMrhWST
https://ift.tt/EsLb8a7
Labels:

Comments

Post a Comment

Popular posts from this blog

NID DAT 2024 preliminary results released at nid.edu; Download here

The National Institute of Design (NID) has released the preliminary results for the Design Aptitude Test (DAT) 2024, specifically for candidates applying for the Bachelor of Design (BDes) programs. Tie-breaking criteria have been established for fair ranking. Successful candidates are eligible for the BDes Mains exam, comprising studio tests and personal interviews. Admit cards for the NID BDes DAT main examination will be available from April 14th, with the main exam scheduled for April 27th and 28th. from Latest Education news - Board Exam Results, Admit Cards, Exam Paper Analysis and Question Papers | Times of India https://ift.tt/P94wL6K https://ift.tt/t8uFUZ3
Post a Comment
Read more

AIBE 18 Results: 51.63% Fail Rate Revealed in BCI's RTI Reply

According to Career360, an RTI reply revealed that 51.63% of students failed the AIBE 18 exam. Out of 1,48,781 students who appeared, 74,368 failed, and over 4,700 were absent. The BCI clarified that the exam faced scheduling disruptions due to COVID-19 and adjusted the passing marks after withdrawing seven questions. The BCI also addressed the absence of scores on AIBE scorecards and did not provide pass percentages for 24 state bar councils, citing RTI Act limitations. from Latest Education news - Board Exam Results, Admit Cards, Exam Paper Analysis and Question Papers | Times of India https://ift.tt/AVPRuQ6 https://ift.tt/teGyYxE
Post a Comment
Read more

Fact Check: IIT Bombay debunks claim of 36% unplaced students, reveals only 6.1% seeking jobs

IIT Bombay refuted claims of widespread job uncertainty among its students, citing a recent exit survey. Contrary to reports, only 6.1% actively seek employment, with the majority opting for placements through the institute's program or pursuing higher degrees. The survey highlights diverse career paths, including off-campus jobs and public service, chosen by students. These findings challenge earlier narratives, showcasing a nuanced understanding of career preferences among IIT Bombay graduates. from Latest Education news - Board Exam Results, Admit Cards, Exam Paper Analysis and Question Papers | Times of India https://ift.tt/jIhg3Zu https://ift.tt/YM37JvI
Post a Comment
Read more