Paytm Payments Bank faces staff reduction; 20% workforce to be impacted: Report
Paytm Payments Bank cuts 20% of staff due to RBI deadline and compliance issues. Share price plunges 54%. Staff express frustration over layoffs despite earlier assurances. Bank adjusts staff based on appraisal cycle.
Mar 14, 2024 - 14:00
Paytm Payments Bank cuts 20% of staff due to RBI deadline and compliance issues. Share price plunges 54%. Staff express frustration over layoffs despite earlier assurances. Bank adjusts staff based on appraisal cycle.