Jun 10, 07:48 AM

Kissflow and Paytm Announce Layoffs Amid Financial Challenges and RBI Action

Chennai-headquartered Software-as-a-Service (SaaS) firm Kissflow has laid off 15% of its staff, affecting around 45-50 employees. Meanwhile, Paytm has also announced layoffs as its losses widen following action by the Reserve Bank of India (RBI). Paytm CEO Vijay Shekhar Sharma is reaching out to former executives and trusted allies in an effort to revive the fintech company. The company has also been disbursing bonuses to employees despite the layoffs, according to a statement.

#Kissflow #Paytm #Reserve Bank of India #RBI #Vijay Shekhar Sharma

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