This will never stop at least not till 2026 or AI gets fully deployed or gets Failed.

Engineering Manager

They have fired most of the people from data team

Software Engineer

They already did in Jan right? Is it again or the same news

Product Manager

Recruiter

Layoffs at PayPal

Layoffs at PayPal- Grapevine

Paypal fires 2,500 employees

Welcome to News Discussion's Private Community

PayPal layoff 7% of its workforce. Around 2000 employees get laid off.Can anyone confirm?

PayPal layoff

Project Coordinator

Welcome to Fintech India's Private Community

How is the current layoff situation in Paypal India. I see many vacancies being posted and was reached out by the HR for a Lead Data Scientist position. Can someone help with the organization culture, growth, opportunities, compensation etc.

Layoffs in Paypal

Business Analyst

More layoffs at paypal is ahead. Lot of restructuring is happening internally and morale is at all time low. Sad to see all this happening.

IT Layoffs at Paypal

Content Strategist

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 Software Engineers's Private Community

I'm finding it difficult to understand the situation. A friend, who is a BI developer, was laid off by PayPal, and on the same day, my wife received a call from them for the same role.

Next: The hiring manager is pressuring her to complete all interview rounds (4) within 2 days, even making remarks about her inability and calling her unprofessional and showing lack of interest for not completing assignments on weekdays.

What's up with PayPal (and hiring team)?

I have survived this round of layoff in PayPal b it I am pretty sure we are gonna be having another round by year end.
In this current scenario I am hearing a lot about google and some specific companies opening positions for software engineering.
What should be your recommendation in the current scenario 
Try to switch companies 
Or just stay back and be ready for interview prep

Yoe 4.5

Switching jobs in the current market

Horrible Layoff’s in PayPal India.

PayU India going to start conducting layoffs starting Sept 23

Lead Data Scientist

PayU India had a silent layoff

Welcome to Indian Startups's Private Community

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

Bad scenes :(

Cashfree Payment Layoffs

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

Software Developer

Many companies laying off employees while they're hiring parallely, if you know any such companies please share there name....so we don't end up joining such confusing workplace......

Hiring and firing parallely

In Zomato and Blinkit they putting pressure on employees based out of Bangalore office to either relocate to Gurgaon office or creating situation where they end up resigning

Strategy & Operations

Paytm employees warned of potential job losses after hit from RBI probe

https://economictimes.indiatimes.com/industry/banking/finance/paytm-employees-warned-of-potential-job-losses-after-hit-from-rbi-probe/articleshow/110325892.cms

Download Economic Times App to stay updated with Business News -
 https://etapp.onelink.me/tOvY/135dde21

More layoffs at PayTM

I have heard a news that Priceline had layoff 150 people including their CTO.

Layoffs at Priceline

Android Engineer

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)

Paytm layoffs

Given what RBI has gone today is effectively shut down 60-70% of Paytm’s business, to survive, Paytm will end up doing mass layoffs of a scale that we haven’t seen before in India. And potentially with limited severance (not as generous as what swiggy or Big tech has been doing)
What would this mean for the rest of job market? So much unemployment in high earning folks, limited new jobs, means very tough competition for each opening and extremely bad situation in terms of appraisals and hikes too.

Layoffs at PayPal

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