<p>Bengaluru: One 97 Communications , parent of fintech firm Paytm, on Monday confirmed a "slight reduction" in its workforce as part of cost-cutting measures, without specifying a number of jobs.</p><p>A company spokesperson, however, denied recent media reports that have suggested the non-bank lender could cut more than 1,000 roles.</p>.AI is here for your jobs: Paytm lays off 1,000 workers amid automation push.<p>"We will be able to save 10-15 per cent in employee costs as Artificial Intelligence (AI) has delivered more than we expected it to," the spokesperson said.</p><p>Paytm is overhauling its operations in an attempt to achieve its first net profit since listing in November 2021.</p><p>During its fiscal year to end-March 2023, Paytm had an average of 32,798 directly employed staff and 1,589 contracted employees worldwide, across its various units, its annual report showed.</p>
<p>Bengaluru: One 97 Communications , parent of fintech firm Paytm, on Monday confirmed a "slight reduction" in its workforce as part of cost-cutting measures, without specifying a number of jobs.</p><p>A company spokesperson, however, denied recent media reports that have suggested the non-bank lender could cut more than 1,000 roles.</p>.AI is here for your jobs: Paytm lays off 1,000 workers amid automation push.<p>"We will be able to save 10-15 per cent in employee costs as Artificial Intelligence (AI) has delivered more than we expected it to," the spokesperson said.</p><p>Paytm is overhauling its operations in an attempt to achieve its first net profit since listing in November 2021.</p><p>During its fiscal year to end-March 2023, Paytm had an average of 32,798 directly employed staff and 1,589 contracted employees worldwide, across its various units, its annual report showed.</p>