Used to be a good company, not anymore I hear (especially after new CXO). I hear good things abt the product team though, but current employees can confirm.

One of the worst payment products to use. 😀. May be slightly above PayU which is the worst. Don't glorify when there is no outcome

Growth Manager

Isn't billdesk the worst .  most unfriendly PG one can integrate with

Product Manager

Ahh, I am looking for a switch too, hoping I do not get laid off 🤞

Bhai mujhe frontend developer role ke liye refer kardo please?

Software Developer

Software Engineer

weren't they doing silent ones earlier too ?

I just read somewhere that they have received some license from RBI so they can now go about doing their business normally. Hope they roll back the layoffs, if that is something they want to do

🤞 yeah they've gotten licenses back to onboard new merchants.

Finance Consultant

Read the title and went “hmm, that’s bad severance”

What about Tech roles, which ones are affected?

Investor

Heard there are layoffs happening in cashfree in sales product and I think tech also.  Bad scenes :(

Heard there are layoffs happening in cashfree in sales product and I think tech also.

Bad scenes :(

Cashfree Payment Layoffs

Cashfree Payment Layoffs- Grapevine

In final stages of  PM role interview. Info would really help.
Needed info on cashfree in terms of the following -
1. Financially, funding crunch ( heard some layoffs are coming in tech and product).
2. Product culture
3. Product vision, quality, (heard that they just mimic what Razorpay does)

Fire away folks.

How is Cashfree doing ?

Welcome to Indian Startups's Private Community

What’s happening at Cashify? 
How is the company doing, heard from a few internal employees that company’s gonna shut down if no acquirers are found soon.

What’s up with Cashify?

Almost 50% of the org got no increments
People with "exceeds" rating got single digit increments
Only promotion cases have got early to mid double digit increments
Promotions have been significantly fewer this time, max people have been told to hold off their expectations of promotions for another year

The reasons cited were economic slowdown, other companies like Microsoft, Flipkart, swiggy, Amazon doing the same and cost cutting. I think things are getting toxic and the majority of employees have been left disappointed.

Razorpay increments - sad state

Founder

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

Layoffs coming up at Paytm

Data Scientist

Welcome to News Discussion's Private Community

Heard Pharmeasy is struggling to keep afloat. What's really happening?

Cash crunch at Pharmeasy

VC Analyst

Heard some rumours that they are looking to downsize.

More Layoffs coming in Fincent?

Consultant

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.

Laidoff by 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.

Layoff at Paytm

Tech Lead

Welcome to Software Engineers's Private Community

I have been hearing from multiple friends across organizations in India. Lay offs are not in news but happening silently across boards. Companies are on cost cutting mode. Interesting year ahead

Silent layoffs happenings across organizations

Thank you for sharing this. 
  
 Was not knowing about silent layoffs happening. 
  
 But one interesting thing I have observed is that many organizations are now deliberately making the work environment more pressurised and/or toxic to reduce the headcount so that they don't need to layoff people.

Software Test - QA

Fi lays off 10% workforce

Navi Technology founded by Sachin Bansal is doing mass layoffs which started on Tuesday (11 July)

Mass Layoffs at Navi Technology

Damn no wonder they are firing 
 I know some average freshers who joined at 21 base last year  
 Overpaying for average talent always results in firing in startups,is what I have observed

Any chance of layoffs in swiggy in the technology department?

A subsidiary of Paytm, it has been hit by a string of exits in Senior leadership in last 6 months
CFO: Amit Kapoor, gone
Head of Mutual Funds: Nisharg Golash, gone
Head of Product: Manish Reddy, gone
Head of Growth: Sourav Choraria, gone
Head of Marketing: Divya Chakravarthy, moved internally
Head of Compliance: Sudhendoo Gandhi, moved internally 

You can search these people on LinkedIn to verify.

This is a result of an increasingly toxic work culture where performers are penalized with more work while slackers make merry. This culture is driven from the top with current senior leadership who haven't left the firm have survived by the virtue of sycophancy.

Instead of firing people, they are being asked to resign so that the company is not in news.

I've personally seen this in co's rev teams, a new CTO has been hired from within Paytm. Employees are given 'negative ratings' in appraisal, which the CEO called 'an HR experiment'.

All is not well at Paytm Money

Software Project Manager

Layoffs are happening at Sharechat starting today.
Each division is being asked to join a call and they are being announced.
First call with product org - around 50 folks were impacted

Layoffs at Sharechat.

They moved to a new massive swanky Office 3 months ago. Team parities were happening even last week. And they do this in last week of the year spoiling the new year plans of hundreds of folks!

Channel Sales

Finastra (Company in BFSI/Fintech space, deals with PG solutions) is conducting silent layoffs.
Be careful before joining this company

Layoffs in Finastra

Hi Guys,

Affected  by recent paytm layoff
Any leads for SDE1/backend dev role would be really help full

#laidoff
#backend 
#SDE
#Java
#Springboot

Paytm Laid off

Reason - the team wants to accelerate timeline to profitability 
To those affected really sorry this community is here for you!

🚨250 people laid off at Meesho

Investment Associate

Welcome to Office Gossip's Private Community

Any info on How are the things at YC backed startups? Carwale, Razorpay, etc. ? Are you guys taking a pay cut or is the startup planning to layoff folks? What’s the scene?

Scenes at YC backed startups after SFB crash?

What's the layoff scene in C2FO nowdays???

Cashfree Payment Layoffs

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