Paytm’s CEO says there would be no layoffs, working with RBI: Report

Paytm crisis: Paytm founder and CEO Vijay Shekhar Sharma has assured employees that there would be no layoffs in the company and that they are engaging with the Reserve Bank of India (RBI) and working with other banks for partnership, reported Moneycontrol.

According to the report, Sharma said in a virtual town hall with employees of Paytm Payments Bank (PPBL) that many banks are helping them. “You are a part of the Paytm family, and there is nothing to worry about,” he said on Saturday.