Paytm announced plans to hire 4,000 employees over the next nine months to expand AI and technology services. The company aims to strengthen its merchant network and scale AI-based offerings across product and tech teams.
Over the past two months, Paytm onboarded more than 800 employees, signaling an aggressive growth strategy.
Layoffs Amid Expansion
Simultaneously, Paytm will lay off approximately 400 employees after the current performance appraisal cycle concludes. These reductions represent about 1% of the workforce, reflecting the company’s strategic realignment and performance-based restructuring.
Earlier, Paytm had reduced over 4,500 jobs after RBI actions impacted Paytm Payments Bank, redistributing remaining staff across units.
Company Background and Strategy
Since 2010, Paytm grew from mobile recharge services to a major fintech player in digital payments and banking.
CEO Vijay Shekhar Sharma now focuses on linking millions of users with loans, investments, and other financial products.
Despite recent stock gains of around 7%, Paytm shares still trade over 50% below IPO levels, showing market volatility.
With 40,000 current employees, these new hires could expand the workforce by nearly 10%, positioning the company for future growth.
