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Paytm is undergoing significant changes with reports indicating that Axis, Canara, Yes, and Kotak Mahindra Bank are potential candidates to take over Paytm merchants. FIITJEE, a test preparation firm, has withheld employee salaries for the second consecutive month, citing the need for enhanced performance. Additionally, Paytm is looking to shift UPI payments to four banks, including Yes, Axis, HDFC, and SBI. Furthermore, Paytm is set to reduce its workforce as part of the annual appraisal cycle, with some departments expected to downsize by up to 20%.
🚨 Paytm is letting go of more employees as part of annual appraisal cycle https://t.co/JkBpfO9efL Scoop by @DanishKh4n & @nainasood
🚨 Moneycontrol exclusive: Paytm to let go of more employees as part of annual appraisal cycle. As per multiple sources, some departments have been asked to reduce their team size by as much as 20%. The exercise began two weeks ago. https://t.co/RMKablOJEY
🚨🚨Paytm to let go of more employees as part of annual appraisal cycle Break by @DanishKh4n and @nainasood https://t.co/8nHaYKN7vA via @moneycontrolcom
