Tech
Paytm cuts headcount by 4,600 in FY25
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Paytm reduced its employee headcount by about 4,600 in FY25, slashing employee expenses by Rs 650 crore, the fintech major said in its annual report.
In FY24, the company reported an average of 43,960 active on-roll employees, inclusive of all subsidiaries. In FY25, the headcount decreased to 39,368 on-roll employees. Out of the 39,368 employees, 32,614 employees were engaged in sales.
The company’s employee costs (excluding its employee stock options expense) decreased 21% year on year by about Rs 651 crore to Rs 2,473 crore in the fiscal year ended…
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