Naspers-owned fintech major PayU has undertaken layoffs at PaySense, the digital credit business it acquired in an all-cash deal in January this year.
While a PayU spokesperson confirmed the development, the company did not specify the number of employees that are being, or have been, laid off. However, according to sources aware of the matter, an estimated 40-50 employees, across sales and other operational functions, have been fired
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The Layoff List was created in 2019 and is free for the community. Tips reported are left anonymous unless they explicitly ask to be included as a source. We verify a majority of tips and include independent sources, but for tips that we are unable to verify we separately categorize them as unverified reports to avoid misrepresentations.