Paytm layoffs

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

Paytm folks here - Is this true?

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

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.

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

Recently laid off by paytm. I was working in the backend team. If you have any openings in your company please dm.

Laid off from paytm. If you have any openings or advice please comment.

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

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.