SleepyDumpling

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.

15mo ago

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ZippyNoodle

Goldman Sachs15mo

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.

SqueakyQuokka

Microsoft15mo

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

SqueakyQuokka

Microsoft15mo

Also, PayTM culture was never great to begin with.

FluffyCupcake

Amazon15mo

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

ZoomyMuffin

Stealth15mo

When was this? Very recent? PayTM is killing it in lending, share prices have reached IPO listing day price, they were also briefly profitable according to their last results

DancingHamster

Stealth15mo

When did paytm share price reach IPO listing level? Its briefly at half of IPO listing price! Forget about getting to IPO price😒

QuirkyDonut

Stealth15mo

My friend who is a sse at paytm told me that they don't do layoffs. Pip can happen but layoff wala khel nhi hota. He wad in paytm money

MagicalMarshmallow

PayTM15mo

You got laid off from Paytm Money!? Few of them were recently moved to Paytm. Looks like it's only getting worse at PML

TwirlyJellybean

Reliance Retail15mo

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.