‘Slight reduction’ in workforce: Paytm’s parent company One 97 Communications confirms layoffs

One 97 Communications, the parent company of fintech firm Paytm, officially confirmed that there would be a ‘minor reduction’ in its workforce. The company said that the layoffs are part of cost-cutting initiatives. However, a spokesperson for the company rebuffed recent media speculations that had said that the non-bank lender might eliminate over 1,000 positions. […]

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