Paytm layoffs: Company warns of job cuts as revenue falls 2.7%

Paytm announced that there may be job cuts at the company as it plans to trim non-core assets following its first-ever decline in sales on May 22. Paytm reported Q4 results after a regulatory probe into its financial arm Paytm Payments Bank (PPBL) by the Reserve Bank of India (RBI. The company reported a net loss of ₹550 crore in the quarter ended March 2024 and its revenue from operations in Q4FY24 dipped 2.6 percent to ₹2,267.10 crore.