Reports from the Economic Times highlight that this series of layoffs, which have occurred over the past few months, is impacting over 10 percent of Paytms entire workforce.
One employee, who spoke to Moneycontrol on condition of anonymity, said that the layoffs were conducted randomly, with no written communication provided to affected employees.
“Byjus new India CEO, Arjun Mohan, will be completing this process in the next few weeks and will steer a revamped and sustainable operation ahead,” the spokesperson added.