Walmart's PhonePe assures employees there will be no layoffs, salary cuts

The Walmart-owned company says it continues to hire and has plans to add about 600 people across areas such as engineering and marketing over the next few months

At a time when companies are bracing for tough measures to mitigate the impact of losses due to the Covid-19 crisis, PhonePe said that there will be no salary cuts or lay-offs at the digital payments firm.

The Walmart-owned company said it continues to hire and has plans to add about 600 people across areas such as engineering and marketing over the next few months. The firm also said that it would retain its 8,500 off-role sales team and there won't be any layoffs there as well. A majority of the firm’s direct 1,200 employees are engineers, and 25 per cent