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Paytm on maintenance

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.

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Tandev89

Paytm

4 months ago

Any idea which products are being closed down?
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phoenix6

Series B Startup

4 months ago

U might know better 😅
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BalluPilot

Paytm

4 months ago

Heard about router since it did not perform as per expectations.
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NoisyMisreading

Paytm

4 months ago

Any idea how the severance packages are at Paytm?
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phoenix6

Series B Startup

4 months ago

+
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SachivJi

Stealth

4 months ago

None. Just two months of NP and leave encashment.
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SachivJi

Stealth

4 months ago

Two months notice period and leave encashment
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BalluPilot

Paytm

4 months ago

I heard the notice period was increased to 4 months for some folks.
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SachivJi

Stealth

4 months ago

I doubt it because right now they are thinking of not losing a single penny. Even they are doing some manipulations with joining bonuses and other perks.
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OpenRowing

Paytm

4 months ago

Paytm = Byju’s
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OpenRowing

Paytm

4 months ago

Paytm = Byju’s
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OpenRowing

Paytm

4 months ago

Not paying LTIP also to one’s they are firing
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Layoffs on

by RockYourBody

Paytm

Layoffs coming up at 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

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Layoffs on

by bombaya

Fampay

Paytm layoffs? Impact on job market

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.

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Layoffs on

by BlaringBear

Paytm

Laidoff by paytm

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.

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Indian Startups on

by Aragorn_urf_Maverick

Accenture

Paytm layoffs

Paytm folks here - Is this true?

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Layoffs on

by Cookie

Student

Paytm layoffs

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

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Software Engineers on

by AccurateKnife

Paytm

Paytm layoffs

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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Layoffs on

by Bhutta

Flipkart

Is Paytm planning to layoff?

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?

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Layoffs on

by MessyDrizzle

Paytm

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

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.