Many companies doing it, even Zoom laid off entire teams in India.

Software Engineer

PayU India had a silent layoff

Founder

PayU India had a silent layoff- Grapevine

Welcome to Fintech India's Private Community

PayU India going to start conducting layoffs starting Sept 23

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

Software Developer

Welcome to Indian Startups's Private Community

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

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 Office Gossip's Private Community

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

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

Welcome to Software Engineers's Private Community

I have been hearing from multiple friends across organizations in India. Lay offs are not in news but happening silently across boards. Companies are on cost cutting mode. Interesting year ahead

Silent layoffs happenings across organizations

Paytm layoffs

Product Manager

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

Myntra has been silently carrying out the Layoffs since last year under the name of PIP.

Myntra laying off using PIP

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

Is there any one from Paytm , who can confirm if there’s a silent layoff happening there. I have an offer as SSE , but have heard from multiple people that work culture is detoriating very fast and almost 20% are undergoing PIP.

Layoff at Paytm

Tech lead

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

Strategy & operations

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

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.

PayU India had a silent layoff

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