How accurate is this?

I guess he stepped on his own, his tenure ended as per LinkedIn he was with Paytm for little above 4.5 years. All the shares vested it was his time to move on from the politics. All the SVPs are having an ego battle with each other. Their teams foster the same enmity. Unless these SVPs and VPs are laid off or made to work in tandem nothing positive is going to come out of it.

Some layoffs happened - I've heard from an employee. Not sure about the SVP - LinkedIn says he's a COO.