Business Standard

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
Premium

PayU | Source: Wikimedia Commons

BS Reporter Mumbai
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

What you get on BS Premium?

  • Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • Pick your 5 favourite companies, get a daily email with all news updates on them.
  • Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • Preferential invites to Business Standard events.
  • Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in