Paytm Layoffs News Today

In addition to his salary and commission he received 7 million dollars in additional payments and over 4 million dollars in long-term compensation.

Gupta's departure adds to the list of senior executives who have recently resigned from Paytm.

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In its filing Paytm said that Layoff reports were baseless and inaccurately represent the companys operational and strategic planning.

The company clarified that its restructuring efforts and performance-related adjustments are misconstrued as layoffs.

Paytm layoffs have already begun two weeks ago and come as Paytms Payment Bank has been barred by RBI from conducting several businesses.

The sudden rise in active job seekers is seen as the compound effect of two major events: Paytm laying off 1,000 employees due to AI automation and RBI restricting PPBL from offering almost all major banking services.

Major layoff announcements hit Amazon's Twitch, Paytm, Flipkart, Unity and others - tech's turbulent start to 2024 continues.

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