What is the latest gossip at Paytm?

As title says , there are so many narratives going around Could you give some insight how the management is working upon it

Is Shreyas Srinivasan now more focused on company politics and bickering rather than focusing on product building? His largely talks about homepage designs only (like that's the only product management he knows), comes and gives gyaan but never had been able to deliver nos (his current KPIs are all red since 2 months), blames on other teams / external factors rather than owning things up like any half decent leader. And most funny he and his minions (Neehar etc.) create full mess and then they start taking moral high ground / highlighting that how product is messed up once they pass responsibility to some other team. No wonders Paytm lags so much behind PhonePe and GPay. When product leaders focus more on politics than getting work done, not sure how will key metrics grow.

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👀

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'.

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.

Paytm folks here - Is this true?