Paytm plans to boost its workforce by 10%, hiring 4,000 employees over nine months, while cutting 1% of roles following performance appraisals as part of its AI-driven pivot.

Paytm plans to hire 4,000 employees in AI and merchant expansion while cutting 400 roles amid restructuring efforts.

The increase would mark a roughly 10% increase in its headcount that stands at about 40,000 employees. Paytm is also laying off 1% of its staff, or about 400 people, after the…