Paytm layoffs
Paytm folks here - Is this true?
Absolutely! One entire floor is booked by HR for firing. Already the process has started!
Its good in a way, that PayTM needa to be focused than do it all which noone should try.
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Na na it has nothing to do with AI. Paytm hasn’t figured out how to use AI to automate day to day tasks yet.
No AI
The use of AI is just gas here;
It’s like if something can be solved used first principle of physics example still they want to use AI and mess it up!
Example, we know v = u + at as an example, instead of using the formula, they want to deploy AI / ML model to estimate
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They should first layoff the incompetent overpaid toxic VPs and Product Heads. Especially RD.
Whats the full name of RD? Please say it out. We should be calling out such managers and make their life difficult
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Yes it's true... layoffs are going on...
Though now they are letting go a large number of people hence in news...but this firing thing is going since January itself...
Started in Q3 of 2023. I know 3-4 people from my business who got fired last year
How the fu** are they laying off engineers / senior engineers but not senior managers or VPs … in cost cutting exercises any org focuses first on middle layer than on actual resources who are gonna build the product…. This is just stupid and insane … shows incompetence of Vijay shekhar sharma and his non leadership skills and ability to not take right decisions… mujhe to ye banda shuru se hi leader qualities vala nahi lagta tha .. pta nahi join hi kyu kia maine .. maybe high package se lure ho gaya tha … so annoyed on myself 😬
Totally agree bro leadership manager should be layed off, bcz it all there faults , very very bad of vss , doing layoff like this will even make situation worse
Panauti Vijay shekhar. Investor ke paise duba diye kamine ne. 2100 ka share ki aaj value 350 ho gyi.
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stupidusername
Stealth
4 months ago
Reason never work as*off for the company. They will fire you one day.
Donut
Stealth
4 months ago
Exactly I realised this working my ass off in the last start up for 3 years, with great performance reviews and everything. Only to be shouted at my manager for taking an unpaid medical leave. Now in my new company i just do bare minimum to survive. Don’t care about any performance reviews, salary will be the same no matter how good your work is. If they wanna fire me go ahead
And this is the point where I curse the Indian government. These 6000+ employees must be contributing towards the pf( it's a source of investment for the Indian government for the long run and they earn profit from it) and many of them must be paying direct taxes as well. Now these employees are job less with no support from the government. Neither government will interfere to stop this layoff as this is a private company and all decisions are reserved to private entities and stakeholders for taking any decision. Why doesn't the government come forward and provide a standard support amount in these hard times for 6 months so that it can at least feed the family. I hope Indian private salary class one day raise this concern and government take some decisions to implement it.
Donut
Stealth
4 months ago
Govt is busy building mandirs and inciting hindu vs muslim vs Christian debates. Rest of the time foreign trips are also there. Middle class is born to suffer and day by day becoming worse thanks to mindless voters who have been brainwashed!
So are they gonna layoff people who do most of the work at ground level or the poeple who are part of upper management and don’t do anything except playing politics??
They are asking employees to file for voluntary separation to avoid severance pay. Media numbers will be under reported as they are not firing officially. This is just voluntary separation 😂😂
@Laalaa Share and fill this form with your details https://forms.gle/9GcyTS68Qmd6q72U9
Also share this form with impacted candidates. A lot of openings are there.
Layoffs are the ultimate truth of life here in Paytm today.
But my verticals' managers are so dedicated to work or they have secured their roles (obviously the later one is true) that they are now more proactive towards work and also making the team work more than normal. Additionally team KTs have started for cross systems understanding.
And these managers barely had the courage to address people with the news that there will be a huge firing in coming days , rather when asked by the team members say that they don't have any idea but there will be layoffs as per the news and statements available over media. And on top of that they have an audacity to say.. 'Filhal to yahi h k dhyan se kam kro baki jo hoga dekte h'.
I don't get it . If they are that robotic and emotionless or Paytm is paying them extra to be inhumane.
All the Folks who are laid off, my sincere wishes for strength and support during these challenging times.
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by samosa
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Paytm Layoffs: 20% gone
Paytm layoffs have already begun two weeks ago and come as Paytm's Payment Bank has been barred by RBI from conducting several businesses.
https://www.hindustantimes.com/business/paytm-layoffs-paytm-is-cutting-several-jobs-across-deparments-amid-crisis-101710382968024.html
