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Paytm's Loss Widens After Regulatory Crackdown Hurts Business

Paytm's Loss Widens After Regulatory Crackdown Hurts Business
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Paytm Signals Job Cuts, Asset Sales After Hit From India Probe

(Bloomberg) Paytm warned of job cuts and said it would trim non-core assets after reporting its first sales decline on record, reflecting fallout from a regulatory probe that curtailed much of the Indian fintech pioneer’s business.Most Read from BloombergOne Dead After Singapore Air Flight Hit By Severe Turbulence‘It Felt Like We Had Crashed’: Singapore Air Passenger Describes Turbulence TerrorThese Flight Routes Suffer the World’s Worst TurbulenceBarclays Managers Warn Some Staff to Prepare ....

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Paytm employees warned of potential job losses after hit from RBI probe

Paytm, the Indian fintech pioneer, signalled job cuts and asset trimming after reporting its first sales decline on record due to a regulatory probe. The company s net losses surged to 5.5 billion rupees, with revenue dropping by 2.6%. Paytm aims to recover by streamlining operations and focusing on core businesses. ....

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Paytm warns of job cuts as sales slide, revenue down 2.7% amid RBI action on payments bank arm, says report

Paytm Q4 Results: Fintech startup Paytm saw its first-ever decline in sales this quarter amid the RBI probe. Bloomberg has reported the unicorn could cut jobs and trim non-core assets amid the sales and revenue decline. ....

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