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Paytm devs working on PPB...how is the office environment now?

Software Engineer

Paytm devs working on PPB...how is the office environment now?- Grapevine

A friend is thinking of taking a senior level role there; and is keen to know how’s the work and culture there.

How’s the work and culture at PaytmMoney?

Founder

Welcome to Indian Startups's Private Community

Paytm: Best place to work

Consultant

Can someone confirm about Paytm layoffs? Are layoffs only happening at PPBL or Paytm overall as well?

Paytm layoffs

A friend reached out to someone at Paytm's marketing department for a referral and she said she no longer worked there and wouldn't suggest Paytm as an organisation. She refused to reveal any more information about it, so I'm just curious

Does Paytm have a toxic work environment?

Lawyer

Welcome to Fintech India's Private Community

1. some people are pressured into resigning under the guise of poor performance, despite years of dedication.
2. sudden demand for employees to work from the office on specific days, hinting at wanting people to quit on their own.
3. layoff happening as reported by media (and internal group on grapevine), still unclear on how deep the cut will be can be from 20% or above; numbers are speculative, lets wait and watch, many have started getting the calls from HR; shabbily handled.
4. let's not talk about increments 🤡

🤞🏻 lets see what happens today and in the next few weeks; hope things become better

Here is what is happening at Paytm

Software Developer

Welcome to News Discussion's Private Community

As per latest press release OCL, will completely move its services to other bank and will only bank with other bank.

Cutting ties with their own subsidiary is something which is unheard of. 

I am sure paytm payments bank will be back after some cool off period and some fines. I guess this is all done to manage their stocks 📉

https://www.bseindia.com/xml-data/corpfiling/AttachLive/02a4a3a1-8cc0-4cde-a35f-d4f70ca98377.pdf

Paytm (One 97 communication limited) distances itself from Paytm Payments Bank Limited

Product Manager

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

Welcome to Software Engineers's Private Community

What's happening in the company? Is there a comeback plan in action? Are you guys working on shifting the existing merchants to a different bank? 
Give us some insider info👀

Paytm folks?

Backend Engineer

Is anyone here working for Paytm? I need a referral.

Paytm

Performance Marketer

I have an interview for a backend engineer role at Paytm. 
I have heard different things here and there about the org.
Paytm people please help me decide if I should consider preparing for this interview with my full force.
PS, I am currently getting 9lpa base as a fresher

How is the work culture and wlb at Paytm?

Welcome to Company Reviews's Private Community

I might get an offer soon from PayU. I want to know how is the work culture, appraisals, senior leadership there.

PayU review?

Data Scientist

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

List of companies doing silent layoffs using PIP and Cultural fit issues.

Myntra
Flipkart
Meesho
Cars24
Smallcase

List of companies doing silent layoffs

The Morning Vine 🍇

Journalist

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Hi, I have been offered a PM role at Paytm. My overall experience is 6 yrs with >2 yrs in Product. The CTC they are offering is 40 LPA  which is a 30% hike. In current company culture and wlb is good. If anyone can suggest, Is it lower/higher than market standards and how's the culture and wlb in Paytm Product team?

PM role at Paytm

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

How is the work culture of tech at payu credit have read some not so good things on Glassdoor wanted to know the reality.

Payu credit work culture

I have been offered SPM role , 46 LPA . Should I join?

Should I join Paytm Product team?

- PhonePe Group reported revenue of INR 5064 Cr for FY23-24, a 74% increase from INR 2914 Cr in FY22-23.
- The company achieved an Adjusted PAT of INR 197 Cr for FY23-24, reversing a loss of INR 738 Cr from the previous year.
- Standalone Payments business recorded an Adjusted PAT of INR 710 Cr for FY23-24, compared to a loss of INR 194 Cr in FY22-23.
- Growth driven by market leadership, platform reliability, and cross-selling a diverse product portfolio.
- CFO Adarsh Nahata and CEO Sameer Nigam emphasize sustainable growth, revenue diversification, and disciplined financial management. 

 Source: [Phonepe](https://www.phonepe.com/press/phonepe-grows-revenue-at-74-y-o-y-and-turns-adjusted-pat-positive)

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