PeppyKoala
PeppyKoala

High attrition, toxic culture, weird incentives

Working at a Paytm subsidiary. My manager left the firm 6 months ago and instead of hiring a replacement I was given all his work with no increment or bonus.

I worked my ass off and ensured there were no issues. Come appraisal time, no promotion, 5% increment, lot of bonus esops with (5%, 5%, 10%, 10%, 70%) vesting. This is the most weird vesting period I've come across and almost looks they are trying to trap me into staying here.

My experience is not unique. A lot of senior people left last year and they haven't hired but rather dumped their work on juniors.

I feel like an idiot for trusting the firm to reward my work.

18mo ago
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PeppySushi
PeppySushi
PayTM18mo

I know exactly what you are talking about. Start applying and leave the co as soon as you can.

PerkyMarshmallow
PerkyMarshmallow

First Games?

PeppyKoala
PeppyKoala
PayTM18mo

Paytm money

SleepyQuokka
SleepyQuokka

I left Paytm Bank because of same reason in 2020 Was moved from Paytm to Paytm Bank, Engg manager left, immediate lead left, I was reporting directly to SVP and covering all middle roles without any appreciation/increment/promo Such pathetic company

MagicalMarshmallow
MagicalMarshmallow
PayTM18mo

Which role?

Paytm Money seems to be a mess. Over hiring a couple of months only to downsize now

SquishyQuokka
SquishyQuokka

Leave. Same happened to me. I joined and boss left, was completely hopeless situation

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Layoffs

Layoff at Paytm

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.