GigglyCoconut
GigglyCoconut

Paytm is laying off people since May 27 (forced resignation)

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.

6mo ago
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CosmicDumpling
CosmicDumpling

Hence whenever a company is hiring HRBPs, know that layoffs are around the corner. If a company is hiring TA folks, hiring is around the corner

DancingTaco
DancingTaco
Student6mo

What's HRBPs?

PeppyMuffin
PeppyMuffin

In my office, TA were converted as HRBP then HRBP as TA.

SillyBanana
SillyBanana

Sadly after serving for 7+ years , have been thrown out out

GigglyCoconut
GigglyCoconut

You have spend 7 years in Paytm. 🫡

Was work from home the biggest reason for you to stay? Or something else?

SillyBanana
SillyBanana

Wfh plus near to my home and I was enjoying even

PrancingPotato
PrancingPotato

Heard that their CHRO is also moving out and joining Adobe

JazzyUnicorn
JazzyUnicorn

She moved already.

PrancingPotato
PrancingPotato

Ok

SparklyBiscuit
SparklyBiscuit

I expect this firing will continue till July or Aug.

SqueakyTaco
SqueakyTaco

Paytm is firing for last 2-3 months . It has become formal now only. I would classify is as silent layoff while earlier it was a secret layoff going on.

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Layoffs

Paytm employees have started fighting layoffs

Paytm asked them for forced resignation, and requested back the joining / retention bonus from them for no fault of their own.

What leadership quality does the executives have - they don't know how to run a fintech company with complia...

Fintech India

Here is what is happening at Paytm

  1. some people are pressured into resigning under the guise of poor performance, despite years of dedication.
  2. sudden demand for employees to work from the office on specific days, hinting at wanting people to quit on their own.
  3. l...
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Layoffs

Layoffs coming up at Paytm

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 h...