Paytm fires over 1,000 across units amid cost-cutting

The move is likely to affect at least 10% of the overall headcount and comes on the back of Paytm withdrawing from small-ticket consumer lending and the ‘buy now pay later’ segment, following a regulatory clampdown on unsecured loans by RBI. This will be among the steepest job cuts implemented by an Indian new-age tech firm this year.