I feel disgusted to read this. All these employees worked day and night for this company. The least they could do is pay them what they owe.

Analyst

Slavery under Paytm

Consultant

Slavery under Paytm- Grapevine

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Paytm pain

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KYC one to many matching

Associate Product Manager

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 Personal Finance's Private Community

QR, those radios which can't play Arijit or Eminem and Fast tag was major revenue maker of Paytm.

Now see, how phonepe targetting that segment that too without a monthly subscription.

Ohh, yes.

It's a 1 time fee and that can be masterstroke for another decacorn PhonePe. ( ~13B )

Vss was caught sleeping on weekends.

PhonePe doing Moment Marketing amidst Paytm 🩸

Senior Consultant

This sh*t app  deducted money from my account , I have recieved money from my father and they deducted more than 200-300 rupees from what I have received,  my message is showing that I have received full money what he sent , this is happening for the second time within a month , and second thing is that my transaction history doesn't show what money i have recieved in green as it used to know . Once my friend send some thousand bucks and they deducted some hundreds of rupees , i thought of it as some technical glitch but now it's happening for the second time , if there is any Paytm employee reading this then please tell me what's this any hw can I get my money back

Paytm is totally s**t

The show cause notice now about misrepresentation of facts. Not sure if they really made so many mistakes, or are being stopped from becoming something for other reasons.

What's happening with PayTM seems very suspicious

Paytm: Best place to work

I can't join any of these 11 companies anymore:

PhonePe 
GooglePay 
RazorPay 
PineLabs 
Cashfree Payments 
AmazonPay 
WhatsApp Pay 
Zerodha 
Groww 
Park+ 
NPCI

What should I do next? I think my career has reached a dead end.

PayTM and it's anti-compete is making me suffer🚨

Non compete is not enforceable in India. You should talk to a lawyer friend and understand specifics of your contract. The article below is an interesting read 
  
 https://www.linkedin.com/pulse/enforceability-non-compete-clause-under-employment-contracts-ali?utm_source=share&utm_medium=member_android&utm_campaign=share_via

Business Analyst

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)

Software Engineer

As title says , there are so many narratives going around 

Could you give some insight how the management is working upon it

PayTM employees , could you tell us some insider information

Paytm layoffs

Product Manager

Any basic tech and internal audit can identify these lapses outright, there seems to be more to uncover.

Paytm's transactions looks quite shady

Chartered Accountant

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your thought on this

Can someone explain what just happened to PayTM and if other FinTechs could be subject to something similar?

PayTM, 31st Jan

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Out of nowhere, in the last 30 days PayTM has been calling all the PhonePe employees, especially employees in functions like sales, growth and finance and offering roles with a pay hike of anywhere between 30% to 100%. 

The latest bragging rights at work is “Did you get a call from the PayTM HR?”

PayTM poaching PhonePe Employees

Founder

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

Law of karma , vss learnt this really fast.

Thanks to Shakti of RBI.

No More Layoffs at Paytm

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

Paytm

Performance Marketer

- The labour ministry announced that Paytm will not recover the joining bonus from a former employee and will pay the notice period payment.
- This decision followed a meeting between Paytm representatives and the regional labour commissioner in Bengaluru.
- The resolution came after multiple ex-employees alleged forced termination and sought reinstatement.
- Paytm attributed recent layoffs to AI-led automation, aiming for significant cost savings.
- The company has faced regulatory challenges and financial losses, with its stock down over 25% year-to-date. 

 Source: Inc42

Slavery under Paytm

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