Paytm company made a big announcement big layoffs, information regarding AI upgrade
Paytm company made a big announcement, big layoffs, information regarding AI upgrade
Paytm Layoffs: After the layoffs in Paytm, the company's CEO Vijay Shekhar Sharma has made a big announcement. He told that the company will make extensive use of Artificial Intelligence (AI). Sharma said that this technology will be further expanded and it is a priority of the company. In this process, the company's product and engineering teams will interact with AI tools from Microsoft and Google.
What is Paytm's next plan?
Paytm's parent company One97 Communication has also fired about 100 employees to promote AI. This step has been taken to increase cost cutting and automation technology. Sharma has also shared the planning for 2024 on social media. He told that Paytm's home screen and other entities including Paytm Payment Bank will be separated. This will provide new experience to the users. It is reported that the company will use AI even more next year.
What are the benefits of AI?
Sharma said that using AI will help the company in cast cutting. This will increase quality and operation efficiency. This will help in increasing manpower for the core business of the company. This will reduce the workforce of the company's employees by 10 percent and they will get better service.
About Paytm Overview
| Aspect | Details |
|---|---|
| Company Name | Paytm |
| Founded | August 2010 |
| Founder | Vijay Shekhar Sharma |
| Headquarters | Noida, India |
| Industry | Financial Technology (Fintech) |
| Services | Digital payments, E-commerce, Banking, Financial Services, Wallet |
| Key Offerings | Paytm Wallet, Paytm Payments Bank, Paytm Mall, Paytm Money |
| User Base | Millions of users in India |
| Technology Focus | Emphasis on digital payments, AI integration, and financial inclusion |
| Notable Achievements | Became India's largest mobile payments and commerce platform |
