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One97 Communications Ltd (OCL) announces Praveen Sharma's resignation as Senior VP at Paytm. Sharma steps down for new opportunities after Google. Paytm emphasizes sustainable growth, innovation, and commitment to customer service and team development.
Vijay Shekhar Sharma's comments on artificial intelligence (AI) affecting human jobs come days after Paytm laid off more than 1,000 employees following the implementation of AI technology to improve efficiency.
Paytm CEO Vijay Shekhar Sharma said that 'AI has actually delivered more than what we expected it to,' and that the company would be able to save the 'targeted 10 percent to 15 percent that we had planned in employee costs'.