Paytm, the digital payments firm, has reported a threefold increase in net losses for Q4, amounting to Rs 550 crore. This includes a one-time loss of Rs 227 crore due to impairment from its investments in Paytm Payments Bank. Additionally, the company has announced potential job cuts as it plans to trim non-core assets following its first-ever decline in sales on May 22. Paytm's employee stock option cost rose marginally to Rs 1,466 crore, while it recorded a net loss of Rs 1,423 crore for the fiscal year. The company, which is under an RBI-probe, is considering reducing its workforce by 15-20% to save Rs 400-500 crore in employee costs. CEO Vijay Shekhar Sharma hinted at leveraging AI for a more efficient organizational structure, despite calling FY2024 a 'landmark year'.