Indian Fintech Giant targets 10% workforce while cutting 1% of its staff in pivotal period
One Of India’s Most Trusted payment app Paytm is all set to hire 4000 new employees in the upcoming nine to twelve months, apart from hiring it will also cut of its staff for about 1%.
During the last 4 years it has seen changes in the numbers of its employees. In year 2022 Paytm had around 17,964 employees, in year 2023 the number took a jump and reached 32,798 followed by 43,960 employees in 2024 but in 2025 the number came down to 39, 368 according to official annual report and statutory filings submitted by its parent entity, One97 Communications Limited.
Over the last two months, we have added more than 800 people and are in the process of recruiting a further 4, 000,” the company said in a statement.
The Company has showed immense profit during the last four years, recovering itself from the unrest caused by India’s regulatory system. Chief Executive Officer Vijay Shekhar Sharma is trying to get more of the company’s hundreds of millions of registered users to tap its service to access loans, investments and other financial products.
Paytm was founded in the year 2010 by Vijay Shekhar Sharma as a platform which will help people for getting prepaid recharges. 2016 Demonetization helped the company gain subjugation of India’s fintech arena .
The Company which previously received backing from SoftBank Group Corp. and Alibaba Group Holding Ltd. Went public in 2021, while it stocks has risen about 7% over the last 12 months it remains more than 50% below where it was first listed.
Author: Mohsin Usman
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