PayTm and Nike employee job cuts underline the value of having an emergency fund
The recent workforce reductions at Paytm mark a significant development in the Indian fintech sector. Allegedly, the company has downsized its staff by over 1,000 individuals, affecting approximately 10 per cent of its workforce spanning departments such as operations, marketing, and lending. The primary rationale behind these layoffs is attributed to cost-cutting initiatives. Paytm, akin …