Paytm trims 1% of staff post-appraisals, lines up 4,000 AI-led hires by March 2027
One97 Communications will cut roughly 400 roles after annual appraisals while ramping up a 4,000-strong hiring drive across AI, product, tech and merchant services over nine months. The pivot follows the RBI-triggered Payments Bank shutdown and four straight profitable quarters, with headcount currently at 40,000 and 800 added in the last two months.
Paytm plans to hire 4,000 staff over nine months focused on AI, product, tech and merchant services, while cutting 1% (~400) post-appraisals. Restructuring continues after RBI-triggered Payments Bank shutdown; company has posted four profitable quarters.