The person was for sure dealing with the anxiety for a long time. The anticipation of layoff was just last straw. 
  
 People suffering have to reach out. It is very difficult to live with it all alone

Consultant

Cominy from Byjus, i have seen litteraly 4-5 rounds of layoff in a span of 1 year. My observation- all the folks laid off are placed at better companies. Yeah, when i talk to them they do mention how difficult were the first 1-2 months and after getting the first offer, the offers got better and better. Never lose hope. In tech everone makes it. If not today, then tomorrow .

Software Engineer

Software Developer

Senior Software Engineer

Paytm was a crisis that could have been averted. RBI is crazy and they did nothing on PMC bank.

Software Architect

PayTM kyc bug led to this?

Lawyer

PayTM kyc bug led to this?- Grapevine

VSS need to play some nationalism card to redeem from this situation.

Apt representation of PAYTM

Unable to change my kyc from old number to new one

Welcome to News Discussion's Private Community

As title says , there are so many narratives going around 

Could you give some insight how the management is working upon it

PayTM employees , could you tell us some insider information

Can someone explain what just happened to PayTM and if other FinTechs could be subject to something similar?

PayTM, 31st Jan

Any basic tech and internal audit can identify these lapses outright, there seems to be more to uncover.

Paytm's transactions looks quite shady

Chartered Accountant

I have a fasttag from Paytm will it continue to work or I need to apply for a new one now. If yes whats the best fasttag out there in terms of ease of recharge and usages

What happens to so many paytm fasttag

Computer Operator

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

Welcome to Indian Startups's Private Community

Was reading a thread where people were saying don't be in shock if Ambani/Reliance starts making move after RBI's action on Paytm. I initially thought it to be a meme. Now I am just curious. 

Is the system really fair to allow such moves by the rivals after penalising them?
Or is the system that rigged to make sure their friends can get all the business to technically get the favors, funds, etc? 
Any thoughts on this? 
Whether is it too cruel and unfair that system just can't come into action to stop such moves otherwise how the startups anyway could rival the innovation that happens in the West if our own system anyway is there to cripple in such scenarios or do you think it's all fair in the name of business (you donot follow regulations, you will have to suffer eventually)? 
PS:- This is just to have a healthy discussion without any biases intended, with no political agenda in mind. I hope you'll keep the discussion healthy and interesting. 
Picture source:- stocktwits(ig)

Is system really fair? Thoughts on JioFin acquiring Paytm Wallets biz.

Product Engineer

Really ? 

Even after receiving multiple notifications from them ?

Even after submitting false compliance reports to them on various instances ?

Even after they had put monetary penalty on you for continued non-compliance with KYC norms.

You don’t know what exactly went wrong.

That’s great 😄👍

Links : https://www.cnbctv18.com/finance/paytm-payments-bank-rbi-crackdown-the-inside-story-18970171.htm/amp

https://timesofindia.indiatimes.com/gadgets-news/paytm-town-hall-no-job-cuts-and-other-key-things-that-ceo-vijay-shekhar-sharma-told-employees/amp_articleshow/107420639.cms

PayTM CEO in Townhall : “We are not completely sure of things...like what exactly went wrong”

Corporate Strategist

PAYTM Payments Bank essentially asked to shut shop. 

Afaik here are the few implications
1. Stock market will react in a bad way to them
2. Worst affected are going to be FasTag users who bought from PayTM.
3. No deposits / credits allowed in any account. Withdrawal is allowed. 
4. UPI not allowed after Feb

Paytm gets a shock from RBI

That stock is about to crash so fucking hard. Thank god i got out. The crappiest IPO of this decade.

Growth Manager

Product Manager

KYC one to many matching

Associate Product Manager

Is there anyone from Paytm who knows what's going on ?

RBI vs Paytm discussion post

Welcome to Software Engineers's Private Community

Has anyone noticed weirdly wonky payment request notifications from Paytm? Requests come in very late. Sometimes, I get many duplicate payment requests.

It seems that their notification workers aren't idempotent leading to duplicate notifications. Also, a lot of backpressure could be building up in their brokers too leading to delayed notifications.

Can anyone at Paytm investigate and share more insights?

Paytm Notifications System Flaws

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... 💀

I actually believe in a better India from the bottom of my heart where individuals who were not able to crack top tier colleges (IITS/IIMS/BITS) at a young age can still succeed in life on a comparable level, even when it comes to startup culture and raising funds.

Everyone of us has seen their seniors struggle to raise funds just because they are not from prestigious colleges even when they have supplementary skill sets and I personally would like to break that mindset and would like to be PARTIAL towards products if they are built by NON-PRESTIGIOUS college alumni.

I personally want to promote billions of dollars worth of businesses in India with alumni from every hardworking and smart working background and not just for the so called top colleges which only pushes unnecessary competition resulting in nothing but results equivalent to a lucky draw.

I am biased because I believe indians need it to feel secure for starting their own venture one day and everyone should try with confidence that their product will speak more than the founder's name.

Everyone deserves better

I will not use Paytm if VSS quits

Cred doesn't allow me to transfer money to another UPI id that belongs to me (different account).

I thought the whole point of UPI was interoperability between accounts. How can you bar transactions?

How is this being allowed by NPCI?

PayTM kyc bug led to this?

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WTF Cred! How is this legal?