PeopleStrong was one of the Staffing Firm, which used to Bribe..

VC Analyst

Analyst

Business Development Manager

After TCS scandal secondary sources of income have dried up

Software Developer

Software Engineer

Heard of news of layoffs and no increments coming from Peoplestrong?

Heard of news of layoffs and no increments coming from Peoplestrong?- Grapevine

Welcome to Fintech India's Private Community

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

Here is what is happening at Paytm

Welcome to Software Engineers's Private Community

Folks! What's happening at Razorpay? Heard about silent layoffs ...is it true?

What's happening at Razorpay?

Product Manager

Layoffs at Leadsquared?

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

People from mid and top management (with fat paycheques) across org laid off on friday & today. About 100-120 people affected. 

Source: Heard from a friend. + mentioned in the Cross org emails by mukesh

Layoffs at cult.fit & cultsports

Product Designer

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 Indian Startups's Private Community

INDmoney

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

Layoffs incoming

Heard that massive layoffs are happening and they are exiting the market altogether?

Any intel on it

Any news on Goodworker

Is there any Layoff at Paytm?

Corporate Strategist

Apparently there was a decision to layoff 20% of workforce which was revoked at last minute by leadership. Good sign or not? Could signal lack of forethought among those at top. What do you guys think?

Rapido layoffs

Heard that there has been some senior management connect, where in due to financial constraints & lack of new round of funding. Some folks will be asked to leave. 
This is a complete 360 from the conversation they had in Mar’23 where in an appraisal was on the cards

Another layoff at BYJUs

Growth Manager

Mass layoffs at Miq Digital ! Impacted myself. Open for roles in analytics & datascience. Please help on this network.

Mass layoff at Miq Digital

Welcome to News Discussion's Private Community

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

One more round of layoffs at a Chennai based saas startup

Customer Success

Week back there were posts by linkedin engineers that linkedin is hiring SDEs and anyone can as referral and today they laid off 700 people.

Like whats happening man!!! Is the company dumb or what?

LinkedIn Layoffs India

(1) Reduce cost of human capital -> (2) Post better EBITDA numbers in earnings calls -> (3) Get big bonuses and sell your equity if its value is rising -> (4) Hire a lot of people again so that you can repeat this cycle again to profit

So basically they laid off the entire 90% of the team or I think 95%

And now they are delaying the payment of the last month's working salary as well.

Got to know that people who were laid off 3 months back received calls from HRs saying that they will get severance after 8 months now.

Very horrible experience. One of the most shitty companies out there. I hope no one falls into their trap again.

Layoffs at Skill-Lync and no payment of last month salary

The world economy as we know is stabilizing but its just the US economy that is stabilizing there is a real cash crunch happening at most startups and its effect have started from the last week 


One of the companies in which my friend is working Spyne.ai layed off closed to 20-30 folks across various departments tech, marketing, sales , product, hr and ai their total workforce is around 80 employees

Insider news also states they even fired their chief of product, and its becoming tough to sustain, they even gave esops to employees on a valuation they havent achieved yet during appraisal season 

It was a forced resignation, 2 3 folks were even said leave we wont be giving you any severance.

Yesterday even recieved news off layoffs inside TCS(US), myntra and navi

Even hearing news from zs and paytm that they might start a fresh round of layoffs

Bloodbath begins in India the real recession

Source is someone from Cisco. Can anyone else validate or reject this leak/rumour?

Heard of news of layoffs and no increments coming from Peoplestrong?

Discover More

Fintech India on

by Jordon Lee

Paytm

Here is what is happening at Paytm

Software Engineers on

by Kendall Lee

Stealth

What's happening at Razorpay?

Layoffs on

by Coy Lee

Stealth

Layoffs at Leadsquared?

Layoffs on

by Dezi Carmden

Paytm

Layoffs coming up at Paytm

Layoffs on

by Jordon Carmden

Stealth

Layoffs at cult.fit & cultsports

Layoffs on

by Kalan Taye

Stealth

Layoff at Paytm

Indian Startups on

by Kendall Taye

INDMoney

INDmoney

Layoffs on

by Matilda Hyrum

Practo

Layoffs incoming

Layoffs on

by Dezi Olive

Stealth

Any news on Goodworker

Layoffs on

by Aaron Gabriel

Cred

Is there any Layoff at Paytm?

Layoffs on

by Coy Lee

Rapido

Rapido layoffs

Layoffs on

by Kendall Lee

Startup

Another layoff at BYJUs

Layoffs on

by Kendall Lee

Stealth

Mass layoff at Miq Digital

News Discussion on

by Anise Dean

Paytm

All is not well at Paytm Money

Layoffs on

by Coy Nadeen

Stealth

One more round of layoffs at a Chennai based saas startup

Software Engineers on

by Anise Vernon

Stealth

LinkedIn Layoffs India

Layoffs on

by Isaiah Denver

Yubi

Layoffs at Skill-Lync and no payment of last month salary

Layoffs on

by Dezi Lee

Stealth

Bloodbath begins in India the real recession

Layoffs on

by Kendall Carmden

Swiggy

Cisco to lay off 8-10k next week?