Haha fuck him what a joke " Ai will reduce cost"😂
Everything is getting AI in it.
In some days, Maggi 2 min noodles, with AI that cooks itself 🙂↕️
Yeah one of the lame reasons to fire people to cover up their incompetence.
Should we leave software engineering as a career?
There's too much dynamic changes happening in the industry right now.
If the current trends continues people will be fed up of constant learning and applying by the age of 45-50.
At any measures there is a strong saturation right now due to lakhs of engineering graduates all choosing CS in the last 4 years. Add to it the automation by AI.
Yeah, main thing is AI, it's something I'm personally very afraid of from the job point of view
Not sure, how many folks will be going from tech team since sales department consists of 25k+ employees
They are doubling down investment in sales and risk compliance. But because tech takes a bigger pay the most affected employees will be from tech itself (as per internal source)
Are 5000 even left after earlier layoffs?
Company strength is very strong.
The article mentions that there were 30000 emp on payroll in 2023.
Obviously the number is lower in tech department. But layoffs will happen mostly in tech because of engineering packages and projects shut down. Paytm informed this in their earnings call.
Ffs copilot cannot do the devs jobs(as of now). Even I use it, all it helps is in adding boilerplate code/unit tests(which are not often correct)
That's why the government is providing free ration. No need to worry!
Kaam kaun karega fir yeh?? And AI ki bakchodi use kar ke apne incompetence ko chupa raha hai bas.
Even the place I work. There upper management is like we are going to integrate AI in this, that 🤷🏻♂️
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...
Actually, these are not layoffs. They recently changed their PIP policy and set a " at least 10%" quota for compulsor...
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 ...
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...
Hence whenever a company is hiring HRBPs, know that layoffs are around the corner. If a company is hiring TA folks, h...
Yes. I was the first casualty of the day
Absolutely! One entire floor is booked by HR for firing. Already the process has started!
They should first layoff the incompetent overpaid toxic VPs and Product Heads. Especially RD.
