Hi @MutedString 
  
 At Paytm, What teams/functions do you think have more say and what teams are treated like second class citizens? I have felt this in another Fintech too, where every credit went to Product and Tech while Business & Risk were blamed for every shortfall.

Investment Manager

Please allow me to take offence at being called a B-Player still sticking around 😤 
  
 Anyway, suggest you to ride the storm, and leave at the next available opportunity, where you'll be valued more.

On a lighter note this is such a polite way to take offence to something.....  
 Are you preparing for British citizenship by any chance ??

Software Developer

Growth Manager

This is so messed up. I think this is because of the PayTM Payment Bank issue.

Product Manager

I am completely in shock, awe and disgust with how people are being mistreated in the company with no fault of their own. Just because you belong to a specific vertical you will be targeted/ not ta...

Welcome to Fintech India's Private Community

I am completely in shock, awe and disgust with how people are being mistreated in the company with no fault of their own. Just because you belong to a specific vertical you will be targeted/ not taken seriously. 

Especially people have commented on the competency of people here. Let me assure you they are one of the smartest people who make sense. It is almost like the inner circle is overpowering the smart folks.

Most good folks are leaving or have left already. Those left are clear B-players and the culture is becoming like a cesspool. What should I do now?

I'm not sure if I can take it anymore at PayTM. What to do?

I'm not sure if I can take it anymore at PayTM. What to do?- Grapevine

Welcome to Office Gossip's Private Community

Working at a Paytm subsidiary. My manager left the firm 6 months ago and instead of hiring a replacement I was given all his work with no increment or bonus.

I worked my ass off and ensured there were no issues. Come appraisal time, no promotion, 5% increment, lot of bonus esops with (5%, 5%, 10%, 10%, 70%) vesting. This is the most weird vesting period I've come across and almost looks they are trying to trap me into staying here.

My experience is not unique. A lot of senior people left last year and they haven't hired but rather dumped their work on juniors.

I feel like an idiot for trusting the firm to reward my work.

High attrition, toxic culture, weird incentives

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

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.

Paytm is laying off people since May 27 (forced resignation)

Software Engineer

Welcome to News Discussion's Private Community

Spoke with banking folks, and they confirm that it's not like PayTM was doing something that other banks also don't

Sad to see what PayTM is going through. Increasingly feel that they've been wronged against.

Paytm asked them for forced resignation, and requested back the joining / retention bonus from them for no fault of their own. 

What leadership quality does the executives have - they don't know how to run a fintech company with compliance and don't know how to treat employees with dignity. 
___

A former employee whose services were recently terminated by the company because he refused to resign said Paytm did not furnish an experience letter.

The impacted employees have also formed a social media group to deliberate and decide on the next course of action. Some of them are consulting lawyers with at least one employee having already filed a complaint with the labour ministry.

https://timesofindia.indiatimes.com/business/india-business/asked-to-quit-paytm-employees-cry-foul/amp_articleshow/110979880.cms

Paytm employees have started fighting layoffs

It's been some time since I received some kindness from people. The last time I heard some kind words or got a kind gesture was very long ago. Today, whoever I interact with behaves absurdly without any compassion. The shopkeepers won't talk politely if asked about a product, the house owners will talk rudely and make random rules any day, people won't smile on the metro, in restaurants they will shout on the waiters and the list goes on. I am not even bringing up autowalas and taxiwalas. What does it take to show some compassion? How much does it take to compromise a little bit so that other person feels good about this world? Why does everyone want to just rip other off? 😞

What happened to the world?

I have shifted from banglore to my hometown in rajasthan and its lovely here. Greet everyone with ram ram /radhe radhe and people smile back greet back, its superb. I was missing this element in banglore

Welcome to Software Engineers's Private Community

Indian unicorn companies these days are doing forced PIPs to remove folks who are a high salary as per last year or have conflicts and all. Employee benefits being reduced left right and center. Environment has become toxic. This is being done for IPO. Watch out guys.

PhonePe and Swiggy made up forced PIPs

Software Architect

Welcome to Personal Finance's Private Community

RBI is a big bully, everybody knows that. RBI has bullied the likes of HDFC, ICICI and a lot of fintech startups. All it wants is that these folks are compliant with the rules.

RBI is one of the most stringent Central banks in the world. This also ensures a lot of financial stability in the country, sometimes overdoing the regulations.

Once you fix the systems and comply with RBI, business is back to usual. This has been the trend in all the notices that have been sent across to all the different companies. Paytm should be no different.

Paytm has a book value of 205. In case the stock hits a few more lower circuits, in the words of Ashneer Grover, it'll be a "Screaming buy".

Every good opportunity comes with a lot of risk. The primary risk here is that Paytm doesn't get its act straight and RBI at the end of February imposes the actions that are mentioned in the circular.
 Next line in such a case. Well the money is lost but if they fix the necessary things within time then it's going to be a jackpot.

Catching falling knives is never easy, and it's bound to hurt you, but hey, "Risk He Toh Ishq He".

Next lower circuit is ~487rs 
The one after it is ~390rs.

I think anything under 500 is great price without the RBI impact. If it hits the circuit tomorrow, I'll start buying on Monday. If it doesn't, well, salary is already credited, so it's time for some risky investment.

Going to buy Paytm Stock

All India Professionals' Congress will fight for your cause. https://x.com/profcong/status/1803466763054821878?s=46

Please fill this  form 
bit.ly/ExPaytm
 
Spread this to all your impacted friends/colleagues of PaytTm.

Impacted Employees of PayTm( Forced to Resign or Wrongful Terminated)

Nowadays companies tend to take 5-6 rounds of interview and
One of my friends had gone through a similar procedure for 3 companies now- all into Fintech(one is a big MNC doing good and the other ones are startup) initially they moved forward with the CTC although they didn't have the budget and after 6 rounds of interview(5 general rounds and 1 to be more sure). 
I don't know how you cannot be sure of someone after 6 rounds of interview and why companies are not transparent about the CTC they can afford.
It has happened to a lot of my known SDEs including myself. 
Just wanted to vent out, just because of the ongoing market conditions, companies are troubling the candidates a lot.
Did you guys also have similar experiences?

A new trend going on... 💀

Welcome to Indian Startups's Private Community

Paytm layoffs

The Morning Vine 🍇

Journalist

Suppose if you feel that you are being considered for a job or you get that sense of sure selection by the org, and you have no much proper information about the org in the internet. Will you find current working employees of that same company on LinkedIn and slide into their DMs to know about the org, team, ceo?

Stalking employees on Linkedin for company information

DevOps Engineer

PayTM looking to sell ticketing business to Zomato for 1500Cr

I think 6-7 years across nobody would have imagined Zomato and PayTM would be in such polar opposite zones 
Extremely sad for PayTM

Corporate Strategist

Welcome to Product Managers's Private Community

Hi, I have been offered a PM role at Paytm. My overall experience is 6 yrs with >2 yrs in Product. The CTC they are offering is 40 LPA  which is a 30% hike. In current company culture and wlb is good. If anyone can suggest, Is it lower/higher than market standards and how's the culture and wlb in Paytm Product team?

I'm not sure if I can take it anymore at PayTM. What to do?

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