Paytm denies 50% layoff reports, refutes claims as baseless, and confirms ongoing annual appraisal process.

Paytm denies reports of 50% layoffs, refuting claims as "baseless" and stating that they "inaccurately represent the company's operational and strategic planning." The company is currently undergoing its annual appraisal process, a standard practice focused on performance evaluations and role alignments, and is not indicative of layoffs. Senior Vice President Praveen Sharma has also resigned from his position at Paytm.

March 24, 2024
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