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'.
Not sure if something is really wrong. I know for sure that Manish Reddy left to start off his own venture. Almost everyone got promoted to next role this year.
Know him personally, he was forced out after he disagreed over some critical decisions
I also know him personally, he along with Abhishek ( Senior EM ) started their own trading platform called Investo , https://www.investo.in/
Dayummm crazy
Wtf
They are downsizing big time, 2 months after over hiring internally and from outside. Lmao
Is PayTM building a BNPL?
It built one and scaled it ages ago.
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...
Happy Friday! The weekend is almost here but the news never stops! ๐ช๐ผ
Here we go:
๐. ๐๐ข๐จ, ๐๐ข๐ซ๐ญ๐๐ฅ ๐ฅ๐๐ฎ๐ง๐๐ก๐ข๐ง๐ ๐ญ๐ก๐๐ข๐ซ ๐จ๐ฐ๐ง ๐ฌ๐๐ญ๐๐ฅ๐ฅ๐ข๐ญ๐๐ฌ ๐ข๐ง๐ญ๐จ ๐ฌ๐ฉ๐๐๐ ๐ฐ๏ธ
In a move that's set to shake up Indi...
Paytm asked them for forced resignation, and requested back the joining / retention bonus from them for no fault of their own.
What leadership quality does the executives have - they don't know how to run a fintech company with complia...
Is there any one from Paytm , who can confirm if thereโs 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.