Cashfree Payments laid off 80 employees as part of an organisational restructuring exercise

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Cashfree Payments laid off 80 employees earlier this week as part of an organisational restructuring exercise. According to the sources, the layoffs have affected 13% of Cashfree Payments’ 900-person workforce.

Cashfree Payments operates a full-stack digital payments solution platform that allows businesses to collect payments as well as provide API banking solutions. However, the company claimed that the layoffs affected only 6-8% of its employees. The layoffs come on the heels of the Reserve Bank of India (RBI) ordering the fintech company to stop accepting new merchants.

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Sreejit Kumar
Sreejit Kumar
Hi, I'm Sreejit Kumar, a journalist with a Master's degree in Journalism. Through my education and professional experience, I have developed a keen eye for detail and a passion for uncovering the truth. As an author for this news website, I am committed to delivering accurate, timely, and engaging stories that inform and entertain our readers.

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Cashfree Payments laid off 80 employees as part of an organisational restructuring exercise

Cashfree Payments laid off 80 employees earlier this week as part of an organisational restructuring exercise. According to the sources, the layoffs have affected 13% of Cashfree Payments’ 900-person workforce.

Cashfree Payments operates a full-stack digital payments solution platform that allows businesses to collect payments as well as provide API banking solutions. However, the company claimed that the layoffs affected only 6-8% of its employees. The layoffs come on the heels of the Reserve Bank of India (RBI) ordering the fintech company to stop accepting new merchants.

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

Sreejit Kumar
Sreejit Kumar
Hi, I'm Sreejit Kumar, a journalist with a Master's degree in Journalism. Through my education and professional experience, I have developed a keen eye for detail and a passion for uncovering the truth. As an author for this news website, I am committed to delivering accurate, timely, and engaging stories that inform and entertain our readers.

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