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.
Freshworks reported strong Q1 results, but the company also signaled new job cuts as it accelerates investment in AI. The ETtech Top 5 also highlights earnings updates from PB Fintech and Meesho, adding more momentum and volatility to India’s tech and commerce landscape. Investors will be watching how AI spending reshapes teams and growth plans.
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Nasdaq-listed SaaS firm Freshworks posted a $4.8 million net loss in Q1 2026, reversing a $191.4 million profit from Q4 2025. Revenue rose 16% year-on-year to $228.6 million, but the company expects continued growth alongside belt-tightening. Freshworks will cut about 11% of its workforce, roughly 500 employees, citing AI adoption and automation, with $8 million in one-time restructuring charges.
Freshworks has announced an 11% workforce reduction, cutting roughly 500 jobs, blaming industry disruption from rapid advances in artificial intelligence. The company says AI is changing how products are developed and is increasingly automating routine tasks, reducing demand for certain roles. The move highlights how software firms are restructuring to adapt to AI-driven workflows.
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