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Paytm Turns Profitable, Meesho Cuts Losses, Freshworks Axes 500 Jobs What Changed
Business
Published on 7 May 2026
Freshworks says AI helped automate, then still let go 500
Paytm reported another profitable quarter, posting Q4 FY26 net profit of ₹183 crore and improving EBITDA, driven by cost discipline, AI-led automation and payments strength. Meesho cut losses sharply to ₹166.3 crore and approved ₹100 crore for lending. Freshworks plans to cut 500 jobs, while PB Fintech’s profit jumped and Reliance accelerates satcom plans.
- Paytm swung to profitability with Q4 net profit of ₹183 crore
- Meesho cut Q4 net loss 88% and plans ₹100 crore for lending
- Freshworks will axe 500 jobs, citing growing AI automation
- PB Fintech profit surged; Reliance expands satellite ambitions
Read the full story at Inc42
This summarization was done by Beige for a story published on 
Inc42