Mumbai:PaytmPayments Bank, which has come under regulatory scrutiny, is likely to lay offemployees, sources said. An employee working with thePPBLsaid that about 20% of the operations team will be laid off by March-end. “We have also been hearing of a major rejig across Paytm by June,” the employee told TOI on a condition of anonymity. An email sent to PPBL did not elicit any response.Paytm is also expected to slash jobs across departments as part of its annual performance exercise. “ We continue to transform our operations with AI-powered automation to drive efficiency…,” a Paytm spokesperson said. TNN
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