Paytm decides to fire 500-700 employees after performance review

Paytm has decided to fire 500-700 employees over the next couple of months after its annual performance review. It will be retaining the affected employees for two months on payrolls until they find better opportunities. Paytm will offer ₹250 crore in employee stock option plans (ESOPs) this year to its high performing employees and new hires.