Product Manager

System Engineer

Most of the people in India earn less than 30k a month.how come bnpl startup would work it was doomed to fail

Frontend Engineer

Second round of layoffs at simpl within a month☠️  No future for BNPL in India?? 🤔

Welcome to Indian Startups's Private Community

Second round of layoffs at simpl within a month☠️

No future for BNPL in India?? 🤔

The move comes less than a month after the Bengaluru-based fintech firm let go of about 160 employees, primarily in high-paying roles like engineering and product. While confirming the development, the company clarified that it is not 50 but 30 employees who are subject to the layoff.

BNPL startup Simpl hit by second round of layoffs, cuts 50 more jobs

Layoffs at Simpl🫣

Investor

Layoffs at Simpl🫣- Grapevine

they laid off around 30-40% of their strength.

Layoffs in simpl.

Senior Product Designer

Simpl has laid off over 25 per cent of its workforce, which is around 150-200 employees, this week,
https://www.timesnownews.com/business-economy/companies/layoffs-intensify-another-indian-startup-announces-job-cuts-says-re-looking-headcount-to-prepare-for-new-economic-reality-details-article-99632767

Simpl Layoffs: 25% of its workforce

Is this true?

Their consumer lending app has been pretty much shut for a while and tough competition fused with frequent management diktats seems to indicate that this might be true.

Silent layoffs - BharatPe

Software Engineer

Welcome to Office Gossip's Private Community

Hearing another mass layoffs on the cards at a fintech startup that is into lending, insurance and mutual funds in Bengaluru, which had laid off about 20% in June last year !

Another Mass Layoff on the cards...

Systems Architect

From Silent layoff, Simplilearn gonna do layoff openly in coming weeks

SimpliLearn

Business Development Manager

Their consumer lending app has been pretty much shut for a while and tough competition fused with frequent management diktats seems to indicate that this might be true.

BharatPe laying off people silently

heard that they are burning a lot in funding discounts on D2C websites they work with to retain them. BNPL is also not doing too well.

SIMPL in Crisis?

Program Manager

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

Tentatively JAN third week. ( no runway left for Feb) - Employees could be paid in Esop’s valued at 2.7B $ as per internal disscussions.

CLE, Content, Tech and product teams are going to be sliced. All products are going to KTLO. This is the final round - post this the company Survives and sticks to K12 until 2026 OR it files for bankruptcy.☹️

Guys this is my last post about Byjus. All the best Soldiers ! 👋

Yet Another layoff round at Byjus - Round 7 🥲

Is there any recent layoff at Simpl
Seeing many people posting for open to work

layoff at Simpl ?

Corporate Strategist

From what I hear from a friend who is aware of the leadership discussions, MPL might be looking to lay off close to 50% of its workforce and shut down most of its other BU’s to consolidate by October. This would include folks even till the SVP levels. This might be one of the first pins to fall with the 28% GST rule kicking in by October. Dark days ahead for online RMG  industry in India

Massive layoffs coming up at MPL

companies like MPL should not exist in the first place. Why promote gambling?. not for any moral reasons,  if someone wants to gamble, let them go to a casino and do it. Instead, making it easier for some one to gamble at  any time/anywhere is unacceptable.

Consultant

Product Head

https://dealstreetasia.com/stories/pharmeasy-layoffs-341548

PharmEasy reportedly last laid off employees in December.

Temasek-backed healthtech startup PharmEasy latest to lay off employees

Pharmeasy laying off again. Where is it headed?

Journalist

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

Unverified post, taken from Reddit (/bangalore)

Simpl lays off Employee during onboarding?

Data engineer

It seems that senior management at Paytm was not satisfied with the first round of layoffs that they had done in Aug and there is a second round of layoffs which is underway for OND quarter.

Each CBO and product head has been given a target nos of people they have to reduce every month. Let's see what spin is given here - half yearly appraisal process is my guess

Paytm - Another round of layoffs

Data Scientist

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.

Paytm layoffs? Impact on job market

Simple Energy laid off approx 200 people (unconfirmed number as of now) one amongst whom was my friend

On the back of zero deliveries in sept despite raising 165 crores earlier in the year

Layoffs at Simpl🫣

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