No More Layoffs at Paytm
Law of karma , vss learnt this really fast. Thanks to Shakti of RBI.
majboormajdoor
Stealth
7 months ago
Akash Banerjee linked his CNBC interview during their IPO (2y ago). VSS talked very arrogant, annoyed and rude to the CNBC anchor, who was frankly asking a reasonable set of questions. The way VSS loses his cool and demeaned him, imagine him in office with hisown employees during meetings.
I am very wary of smooth talkers but rough breed like VSS and Bhavesh, they can be a different level of aggressive rude liars.
In 2024, everyone wants to be like Trump
I've heard him being a borderline psych with his direct reports. Which then flows down to their reportees and so on. Culture is pure toxic inside the firm. I'm happy seeing this. Hopefully this event changes a bit of how they treat us, the employees.
To All the founders who are making generic comments how Indians love seeing people fail - no we just love being right. This was eventually going to happen some day.
Demon
Stealth
7 months ago
To people who call founders names : understand that we are all born out of the same culture of jugaad. We appreciate jugaad as employees, VCs and founders. We have glorified it so much that people doing their work properly are thought of as slow buffoons.
The founders who are reacting with terms like scarcity mindset know that there is a problem with jugaad like byju and Paytm methods to scale their business models, but that is what the money and people in Indian startup ecosystem want and support. They are not just irritated with the fact that hard work is all being generalized with PayTM but also with the fact that they were advised and funded only to take the jugaad way out and now that is being labelled as wrong and crime.
Call him whatever you want, but he is way better than most of other Indian origin CEO’s. Mistakes happen, but at least he is bold enough to take full accountability and take steps to rectify it. No matter what the current situation is, Paytm has to be one of India’s biggest tech first company. It is a household name now. This too shall pass for Paytm.
And mocking Paytm does no good to anyone. :)
Bhoom
Student
7 months ago
Insert <abhi hum duniya ki sabse safest jagah me hai > meme
Investor ka danda anne do, ye kya iske papa bhi karenge layoff. In most places it is like that now a days. If your CEO says there will be no layoffs they either have a time machine to see the future or they are liar.
Ghanta. He will layoff in the name of performance if not this compliance issue.
And tell me, what is PPBL gonna do with the same workforce but reduced business after 29th Feb? Same for wallets team at Paytm
dlfcybercity
Stealth
7 months ago
i'm still surprised that market still cannot stand to paytm as an reliable alternative.. i use az pay a lot but still paytm is something which was very easy to transact with.. but
TurningBrain
Stealth
7 months ago
He has to say this. And it has to be a complete lie.
Personal experience- I worked in a company called Clevertap and they laid off around 20% of the statt. But on inc42 the CEO gave statement that they don't beleive in layoff. I know similar stories with many startups whose layoff don't make it to news.
CEOs in India have got no spine to be honest.
out of many other perks,
Paytm issued fastag to bike/scooty numbers also 😅
lack of sanity checks I guess.
Qwerty2398
Stealth
7 months ago
His overacting on the day of IPO is some thing I will never forget in my life. This was only matched with the cfos comment about leaving value on the table.
I learnt my lesson with reliance infocom ..thank fully didn't invest in this shit.
Indusplateau
Stealth
7 months ago
AI to takeover VSS 😅
