SquishyPanda

Paytm layoffs? Impact on job market

Given what RBI has gone today is effectively shut down 60-70% of Paytm’s business, to survive, Paytm will end up doing mass layoffs of a scale that we haven’t seen before in India. And potentially with limited severance (not as generous as what swiggy or Big tech has been doing) What would this mean for the rest of job market? So much unemployment in high earning folks, limited new jobs, means very tough competition for each opening and extremely bad situation in terms of appraisals and hikes too.

10mo ago

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FluffyNugget

Plivo10mo

U answered ur question. All ok at fampay?

SquishyPanda

Fampay10mo

lol yeah except for the fact that most people have left or looking to leave as soon as possible

PrancingPotato

Stealth10mo

Usually such things have ripple effects. More fintechs will introspect and evaluate their business. Major problems with fintech is either zero or very less focus on the compliances. The business team drives everything which results in major compliance issues.