Paytm warns of job cuts as net loss widens in Q4

Paytm parent One97 Communications saw its net loss widening to Rs 550 crore in the January-March quarter from Rs 168 crore a year ago due to a fall in revenue from operations.

The operating revenue in Q4 fell 3% y-o-y to Rs 2,267 crore, impacted by temporary disruptions in business operations.

The fintech firm warned of job cuts and said it would trim non-core assets as it saw its revenue decline 3% in the quarter to Rs 2,267 crore — the first drop since its listing on the bourses in 2021.