Is one of the founding members of FamPay laid off recently?

I was a part of the company for a short time and everything felt like a scam! The team, product, leadership, everything was comically chaotic and no one knew what they were really doing. I am surprised they are still up and running.

Apparently they were doing really well.

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.

I am currently working as a senior engineer at a startup (yoe 6+). Initially things were good , but from the last few months The workplace turned toxic and all the nasty things started happening around me. The burn out was deteriorating mental and physical health, so i lost my patience and resigned. Making this ama , so that I can help someone who is going through the same situation.

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'.

Paytm folks here - Is this true?

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.