There are news that massive layoffs are coming in Paytm. HR and Business Heads have been given targets - average 30% reduction expected across all teams. #bravenewworld
Poor timing !! Festive season, Christmas/new year and these layoffs.
It's a remainder for everyone that companies won't even think twice before laying you off. So stop making any company your dream or glorifying it.
Companies avoid firing people for multiple sessions as well, they fire when it is actually enough and not possible to continue any further. Companies can't fire people just on a whim who have to take day to day responsibilities and operation accountabilities.
Your both statements are incorrect.
Many times companies fire as a precautionary measure/to improve balance sheets as well and not just as last resort.
Anyone can be fired. Everyone is replaceable no matter what level or department of work.
Holy hell. 1000 people? On a day off? This one hurts
They said it's because AI has streamlined some processes, especially in marketing & ops. Curious to know the job profiles impacted due to this.
Last week he was posting about his ToDo List of 2024 in LinkedIn .
And asking people for improvements in PayTm.
Blud asked for improvements a week in advance.. visionary Vijay sekhar..he knew people will bash him if he asks for suggestions after the layoff
Ai will become the biggest misnomer in next 10yrd for ceo to get away with bad decisions and bad culture.
Also hiring 15k in 2024 for payments vertical
Complete hiring freeze
Still hiring i think
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 h...
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...
Trying to reach people to speak on layoffs at Paytm. Please write to me at varanasi1950@gmail.com. Thanks.
PAYTM Payments Bank essentially asked to shut shop.
Afaik here are the few implications
That stock is about to crash so fucking hard. Thank god i got out. The crappiest IPO of this decade.
