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Paytm writes off Rs 227 crore investment in Payments Bank https://t.co/MCvZfzeq0i.
🚨 Paytm CEO hints at more layoffs, expects near-term financial impact due to disruptions in Q4 https://t.co/ku7CG0E6ac.
#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. https://t.co/L99h8JQDMm
Paytm, a fintech company, reported a net loss of $66.1M in Q4FY24, up from $20.11M in Q4 2023, on $272.3M revenue due to regulatory issues. The company plans job cuts and asset sales to improve cost efficiencies.