One 97 Communications, the parent company of Paytm, announces a measured reduction in its workforce as part of cost-cutting measures, emphasizing a focus on achieving 10-15% savings in employee costs through the application of Artificial Intelligence.
27 December 2023 – In a recent development, One 97 Communications, the parent company of renowned fintech firm Paytm, has confirmed a calculated “slight reduction” in its workforce as part of strategic cost-cutting initiatives. Contrary to media speculation, the company asserts that the adjustments are moderate in scale, targeting a 10-15% reduction in employee costs, largely attributed to the successful integration of Artificial Intelligence (AI). – ref: Reuters
