I don't have specific information about PayU India's layoffs starting Sept 23. Keep an eye on official announcements for accurate details.

Lead data scientist

Product Manager

Software Engineer

A BIG FUCK YOU to the overlords at PayU for laying off set of people who were critical to the business functioning. The businesses they're chopping off is like removing one's own liver and kidneys. Good luck to this sinking ship that is PayU Credit and PayU Payments

Software Developer

https://theheadandtale.com/deep-tales/payu-lays-off-close-to-100-employees-from-credit-team-sources/

Sign in using gmail and read it for free.

Founder

https://theheadandtale.com/to-the-point/wibmo-ceo-suresh-rajagopalan-resigns-sources-exclusive-/

Damn! I believe you now. I know a few people from that list on a personal level. Will reach out and confirm again. This is explosive

Welcome to Fintech India's Private Community

PayU India going to start conducting layoffs starting Sept 23

PayU India going to start conducting layoffs starting Sept 23- Grapevine

PayU India had a silent layoff

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

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

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

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

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

Product Head

Welcome to Office Gossip's Private Community

Just got to know internally that Unacademy is planning another round of silent layoffs in October.

No severance will be paid. Or any benefits.

Unacademy planning another round of silent layoffs in October

Growth Manager

Welcome to Indian Startups's Private Community

Heard MPL is laying off massively , due to 28% GST rule in gaming. Employees have been asked to work for home for a week , so that they can structure layoffs.

MPL mass layoff

Reason - the team wants to accelerate timeline to profitability 
To those affected really sorry this community is here for you!

🚨250 people laid off at Meesho

Investment Associate

As per internal company sources: This is big like 500+, lots of folks cut in platform teams, brand teams, marketing teams, business teams, product and tech. Wish everyone there all the best. This shall too pass!

Layoff at BYJUS as mentioned by articles

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

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

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

Massive Layoffs Coming - Paytm

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 🥲

Paytm layoffs

Spotlight on Cleartrip, grocery and Shopsy; $1-billion funding in progress at company.

Flipkart may trim rolls by up to 7% in yearly refocus

Flipkart is planning to layoff 7% of its workforce

Research engineer

Preqin has laid off around 40% of its workforce from India today. The company has a 2 month notice period policy but affected people don't need to serve this period. They will get 2 months salary + severence packgae which is worth 2 monhs salary, so 4 monthspay in total. 
This company had started compulsory WFH this month.

Preqin lay offs

Unacademy will be laying off 30% of its workforce this week. The list of people who will be laid off has been finalised and received signoff from Gaurav & Roman. 

Sad State of Affairs.

Unacademy Layoff

India CEO Arjun Mohan has kicked off a massive restructuring exercise that may lead to 4,000-5,000 job cuts

BYJU'S LAYOFFS : 4,000-5,000 employees to be let go

Program Manager

Got to know today that Paytm is planning to shut down a couple of products. Accompanied by 30-40% layoffs accros teams and verticals and reducing the tech force to less than half, it feels like Vijay is done with the payment business. There is no clarity on the PA license either and VP level folks are being asked to put in papers.

PayU India going to start conducting layoffs starting Sept 23

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