Paytm to add 4,000 hires by March 2027 in product, tech and AI even as 1% face the axe
Paytm is targeting a 40,000-strong workforce by FY27, building out merchant and financial services teams while trimming ~400 roles post-appraisal. The fintech has already added 800 staff in two months and posted four straight profitable quarters, signalling a selective rebuild after 4,500 prior cuts.
What happened
Paytm plans to hire 4,000 employees by March 2027 across product, tech and AI to expand merchant network and financial services, while laying off 1% (~400)
Key facts
- 4,000 hires
- 40,000 headcount
- 400 layoffs (1%)
- 800 added in 2 months
- 4,500 prior job cuts
Why this matters
Paytm's aggressive AI and merchant-services hiring while pruning underperformers reshapes the fintech talent market and could pressure rivals' comp and retention in payments and lending tech.