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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 company's operational and strategic planning.
The company clarified that its restructuring efforts and performance-related adjustments are misconstrued as layoffs.