PayTm layoff confirmed ✅

There are news that massive layoffs are coming in Paytm. HR and Business Heads have been given targets - average 30% reduction expected across all teams. #bravenewworld

Paytm folks here - Is this true?

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 hidden under the guise of mid year appraisals. #PaytmKaro

Heard that on 29 may, list of laid off employee will be released... is that true? I have no strong source to confirm this tho

Hi Guys, The management at Paytm has informed around 30-40 % will be laid off in May end. I will be affected by Paytm layoffs as list is being prepared. Any referrals/leads for backend software Engineer(tech stack Scala,Kafka,SQL,AWS ) would be helpful as I had joined Paytm as fresher last year.Total experience will be 1 year in June.

1. some people are pressured into resigning under the guise of poor performance, despite years of dedication. 2. sudden demand for employees to work from the office on specific days, hinting at wanting people to quit on their own. 3. layoff happening as reported by media (and internal group on grapevine), still unclear on how deep the cut will be can be from 20% or above; numbers are speculative, lets wait and watch, many have started getting the calls from HR; shabbily handled. 4. let's not talk about increments 🤡 🤞🏻 lets see what happens today and in the next few weeks; hope things become better

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 Download Economic Times App to stay updated with Business News - https://etapp.onelink.me/tOvY/135dde21

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 get flooded with Paytm folks. Worst regret is that management and CEO made bad decisions and flunked compliance / risk. But after crackdown by RBI they are making employees suffer. It is heard that this will continue to go on till months. There should be a course on how to behave and work like a CEO.

Have heard some rumours that layoffs are gonna happen at Practo in a couple weeks.

Can someone confirm about Paytm layoffs? Are layoffs only happening at PPBL or Paytm overall as well?