Fintech firm PayU lays off 150 employees, says it's realigning teams

6% of total workforce of Prosus-backed firm reportedly asked to go

PayU, the fintech and payments firm backed by Prosus, will lay off 150 employees or reportedly 6 per cent of its total workforce, announcing such a decision after edtech start-ups and technology giants earlier.

"Keeping in mind our highest strategic priorities, we are realigning teams across some businesses in India. As a result of which, regretfully we will part ways with some of our colleagues. Any separations within PayU are always in accordance with the contractual terms and conditions,” said a spokesperson for PayU in a statement.

The company said that India is its largest market and remains important. “As we stay