Paytm Faces Share Decline Amidst Workforce Reduction and AI Implementation

Paytm witnessed a nearly two percent decline in its shares on Tuesday, December 26, following reports of the fintech company laying off over 1,000 employees. This move is attributed to the implementation of AI technology aimed at enhancing operational efficiency. Paytm shares touched the day’s low at Rs 630.25 on NSE during the opening deals, and the counter was trading 1.29 percent lower at Rs 633.9 on NSE at 9:44 AM.


Also Read: