Layoff at Paytm

My friend was an early stage employee at Paytm. He stayed for 4+ years, built a lot of what Paytm is today.
Working with the founder effed up his mental health beyond repair. One fine day, he left for Ladakh without informing anyone and when contacted, asked them to terminate him as he had decided not to return and not to serve his notice. He is doing well now, but he has to visit his therapist every week. Paytm has had one of the worst cultures since its inception.

I can confirm from a reliable source that people were PIPed in PayTM in the past month and asked to resign.

I know someone who was laid off in 3 months (no POSH, no indiscipline).

I've worked with Paytm in a product role. My manager had resigned as well a few months after I did. Had a candid conversation after that on why the culture was so shady af. Believe me when I say this, You'll not want to work there in a few weeks of joining. But try talking to any Ex employee who had quit in the last two years before making a decision. Maybe things are changed now.

Can confirm. A friend has just been laid off.

Worst company to ever work with
I worked with paytm for 1.5 years after which they force me to resign, if you have your salary on higher side you can expect management to force you to resign anytime, I was top performer of my team, still they put me on PIP, how can you give someone award for best performer and give him PIP after 3 months , my manager was toxic Tarini from EDC backend team

Culture is bad atleast in product and engineering. Everything is top down, no autonomy.
There is no end time, no respect for someone’s time and hard work.
Senior folks yell and use loose language all the time. I will suggest look elsewhere.

I have a friend who works there. He said a couple of weeks back, people were asked to resign. It seems they hire ex-CPO of stripe who I guess worked in MX players as well. He is doing some fat shredding in the product team.

am starting to thin, when they put you on PIP, especially companies that are on loss. Quit them , even without a job in hand. So that atleast they will process and pay the FnF. If you are going to wait until, they fire you on a flimsy reason, at that point they may even not have money to settle your payments.