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One97 Communications, a major player in the fintech industry and the parent company of Paytm, has announced that it will be laying off an undisclosed number of employees. The company is offering support to help affected employees transition smoothly. Reports indicate that One97 Communications is working with more than 30 companies that are currently hiring, to assist employees who have expressed interest in finding new opportunities. The company outlined its strategy in its FY24 earnings release, revealing plans to streamline operations by cutting non-core business lines and adopting a leaner organizational structure through AI-driven initiatives. One97 Communications remains focused on achieving profitability as per its guidance. During the March 2024 quarter, Paytm’s sales employee...