PrancingPotato
PrancingPotato

Paytm layoffs

Paytm folks here - Is this true?

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9mo ago
DerpyNoodle
DerpyNoodle

Yes. I was the first casualty of the day

PrancingPotato
PrancingPotato

Oh. Hope you get something better soon. Are there any specific vertical that are being let go or is it across all teams?

DerpyNoodle
DerpyNoodle

Across all teams

SnoozyKoala
SnoozyKoala

Absolutely! One entire floor is booked by HR for firing. Already the process has started!

PrancingPotato
PrancingPotato

Damn!!

ZoomyJellybean
ZoomyJellybean

Its good in a way, that PayTM needa to be focused than do it all which noone should try.

FluffyDumpling
FluffyDumpling

AI has done more bad than good

PeppyDonut
PeppyDonut

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.

SnoozyKoala
SnoozyKoala

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

PeppyDonut
PeppyDonut

They should first layoff the incompetent overpaid toxic VPs and Product Heads. Especially RD.

PeppyDonut
PeppyDonut

And his whole upgrad chamcha gang. Fcuking A$$tlickers.

DizzyPenguin
DizzyPenguin

Whats the full name of RD? Please say it out. We should be calling out such managers and make their life difficult

MagicalPanda
MagicalPanda

But layoff process is too slow, which will become torture for us,

PrancingPotato
PrancingPotato

Severance?

MagicalPanda
MagicalPanda

Not a chance

SparklyPancake
SparklyPancake

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 😬

BubblyUnicorn
BubblyUnicorn

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

GigglyNugget
GigglyNugget

Panauti Vijay shekhar. Investor ke paise duba diye kamine ne. 2100 ka share ki aaj value 350 ho gyi.

ZippyPancake
ZippyPancake

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...

PrancingLlama
PrancingLlama

Started in Q3 of 2023. I know 3-4 people from my business who got fired last year

BouncyDonut
BouncyDonut

Reason never work as*off for the company. They will fire you one day.

SqueakyKoala
SqueakyKoala

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

FluffyNugget
FluffyNugget

So many families will be impacted…

PeppyPanda
PeppyPanda

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.

SqueakyKoala
SqueakyKoala

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!

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