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Paytm Plans to Hire 4,000 Employees, Cut 400 Through March 2027 as AI Expands

GateNews
AI Industry News
According to Bloomberg, Paytm plans to hire approximately 4,000 employees over the next nine months through March 2027 and cut about 400 staff after appraisals. The expansion, which would increase its workforce of 40,000 by roughly 10%, comes as the Indian digital payments and financial services company expands its merchant network and AI products. Paytm has already added more than 800 employees and is recruiting across product, technology, AI, and senior leadership roles. The move follows regulatory restrictions from India's Reserve Bank, which barred Paytm Payments Bank from onboarding new customers in 2022 and later suspended deposit acceptance and cancelled its license.
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