PrancingPenguin
PrancingPenguin

More layoffs at PayTM

Paytm employees warned of potential job losses after hit from RBI probe

https://economictimes.indiatimes.com/industry/banking/finance/paytm-employees-warned-of-potential-job-losses-after-hit-from-rbi-probe/articleshow/110325892.cms

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14mo ago
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Layoffs
by SquishyPandaFlipkart

Paytm layoffs? Impact on job market

Given what RBI has gone today is effectively shut down 60-70% of Paytm’s business, to survive, Paytm will end up doing mass layoffs of a scale that we haven’t seen before in India. And potentially with limited severance (not as generous ...

Layoffs
by ZestyUnicornPayTM

Layoffs coming up at Paytm

Heard that Paytm is planning to layoff 10% of entire work force. Across all levels.

Heard cases that folks who were hired at market premium less than 30 days ago are now being asked to leave the organisation.

And the layoffs will be h...

Top comment
user

Actually, these are not layoffs. They recently changed their PIP policy and set a " at least 10%" quota for compulsor...

Indian Startups
by PrancingPotatoProduct Management

Paytm layoffs

Paytm folks here - Is this true?

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Top comments
user

Yes. I was the first casualty of the day

user

Absolutely! One entire floor is booked by HR for firing. Already the process has started!

user

They should first layoff the incompetent overpaid toxic VPs and Product Heads. Especially RD.

Layoffs
by GigglyCoconutSoftware Engineer

Paytm is laying off people since May 27 (forced resignation)

HR is having 15-20 meets everyday, anyone can confirm with their calendar.

Multiple HRs multiple laid off people. Zero severance. They are pressuring people to resign and saying you have to resign today itself!

Market is going to...

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user

Hence whenever a company is hiring HRBPs, know that layoffs are around the corner. If a company is hiring TA folks, h...