Layoff at Paytm
Is there any one from Paytm , who can confirm if there’s a silent layoff happening there. I have an offer as SSE , but have heard from multiple people that work culture is detoriating very fast and almost 20% are undergoing PIP.
My friend was an early stage employee at Paytm. He stayed for 4+ years, built a lot of what Paytm is today.
Working with the founder effed up his mental health beyond repair. One fine day, he left for Ladakh without informing anyone and when contacted, asked them to terminate him as he had decided not to return and not to serve his notice. He is doing well now, but he has to visit his therapist every week.
Paytm has had one of the worst cultures since its inception.
I can confirm from a reliable source that people were PIPed in PayTM in the past month and asked to resign.
majboormajdoor
Stealth
a year ago
When was this? Very recent?
PayTM is killing it in lending, share prices have reached IPO listing day price, they were also briefly profitable according to their last results
BinaryBillionaire
Stealth
a year ago
When did paytm share price reach IPO listing level?
Its briefly at half of IPO listing price! Forget about getting to IPO price😒
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I've worked with Paytm in a product role. My manager had resigned as well a few months after I did. Had a candid conversation after that on why the culture was so shady af.
Believe me when I say this, You'll not want to work there in a few weeks of joining. But try talking to any Ex employee who had quit in the last two years before making a decision. Maybe things are changed now.
PlushHearth2
Student
a year ago
Can confirm. A friend has just been laid off.
My friend who is a sse at paytm told me that they don't do layoffs. Pip can happen but layoff wala khel nhi hota. He wad in paytm money
You got laid off from Paytm Money!? Few of them were recently moved to Paytm. Looks like it's only getting worse at PML
Qwerty2398
Stealth
a year ago
am starting to thin, when they put you on PIP, especially companies that are on loss. Quit them , even without a job in hand. So that atleast they will process and pay the FnF. If you are going to wait until, they fire you on a flimsy reason, at that point they may even not have money to settle your payments.
I have a friend who works there. He said a couple of weeks back, people were asked to resign. It seems they hire ex-CPO of stripe who I guess worked in MX players as well. He is doing some fat shredding in the product team.
Worst company to ever work with
I worked with paytm for 1.5 years after which they force me to resign, if you have your salary on higher side you can expect management to force you to resign anytime, I was top performer of my team, still they put me on PIP, how can you give someone award for best performer and give him PIP after 3 months , my manager was toxic Tarini from EDC backend team
hiPhone_User
Stealth
a year ago
Culture is bad atleast in product and engineering. Everything is top down, no autonomy.
There is no end time, no respect for someone’s time and hard work.
Senior folks yell and use loose language all the time. I will suggest look elsewhere.
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