PaySense, an Indian fintech startup, laid off approximately 80 employees in early 2020, representing a significant portion of its workforce at the time. The layoffs were part of a restructuring effort following its acquisition by financial services giant PayU, aimed at integrating operations and streamlining teams. This move reflected broader consolidation trends within the competitive digital lending and payments industry, impacting a company that had scaled rapidly to become a notable player in India's startup ecosystem.
