No idea.. just heard that overall 30 to 40 % will be laid off

Software Engineer

Growth Manager

Software Developer

Software Test - QA

Business Development Manager

Heard that on 29 may, list of laid off employee will be released... is that true? I have no strong source to confirm this tho

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Paytm layoffs

Paytm layoffs- Grapevine

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Product Manager

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

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

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

Is there any Layoff at Paytm?

Corporate Strategist

People who argued over authenticity over other thread. Here is the confirmed report on layoff!

PayTm layoff confirmed ✅

Lawyer

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 get flooded with Paytm folks. 

Worst regret is that management and CEO made bad decisions and flunked compliance / risk. But after crackdown by RBI they are making employees suffer. 

It is heard that this will continue to go on till months. 

There should be a course on how to behave and work like a CEO.

Paytm is laying off people since May 27 (forced resignation)

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

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.

Trying to reach people to speak on layoffs at Paytm. Please write to me at varanasi1950@gmail.com. Thanks.

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

Paytm has many openings in product and engineering for at least four to five months. The job posts are even promoted on LinkedIn. However not even a single role is filled and closed.
I gave interview for product manager role, received very good feedback, then suddenly after three weeks got a regret mail. Well that is fine but i see all the positions and there at atleast 50 open are not closed for four months. 
Does any one know what is happening?

Is Paytm planning to layoff?

To all paytm folks and people having first hand knowledge of this matter: how true is the statement that the 1k layoffs are due to AI? or is it just a bs PR move to justify layoffs (like any other organisation)

Paytm: AI led job loss

100% bullshit 😆 
  
 AI is like an easy target to blame.  
  
 Truth is - They have accumulated insane NPAs in low ticket size loans which RBI also highlighted. Pausing that business made a huge chunk of people redundant. At the same time, there’s insane pressure to boost up the stock price as it’s still treading much lower than IPO price.

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

Welcome to News Discussion's Private Community

Paytm layoffs have already begun two weeks ago and come as Paytm's Payment Bank has been barred by RBI from conducting several businesses.

Paytm layoffs: Job cuts across departments, team sizes to be trimmed by 20%

Paytm Layoffs: 20% gone

Senior Software Engineer

Hi Guys,

Affected  by recent paytm layoff
Any leads for SDE1/backend dev role would be really help full

#laidoff
#backend 
#SDE
#Java
#Springboot

Paytm Laid off

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

Thank you for sharing this. 
  
 Was not knowing about silent layoffs happening. 
  
 But one interesting thing I have observed is that many organizations are now deliberately making the work environment more pressurised and/or toxic to reduce the headcount so that they don't need to layoff people.

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

Paytm wants to layoff 5000 people 🤯

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

Paytm layoffs

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