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 hidden under the guise of mid year appraisals. #PaytmKaro
Actually, these are not layoffs. They recently changed their PIP policy and set a " at least 10%" quota for compulsory PIP every review cycle(half and full). Basically, it implies that 20% of the entire Paytm workforce will be on PIP in the entire year. Brace for the impact folks. September half yearly reviews are going to be brutal. For Paytm employees asking for source, checkout PIP policy page on Deep Purple.
Does that mean the app will finally be less bloaty? All I want is to pay for groceries!
Lol. This means it will become more shit because new folks - who will be hired 2 months later will not know shit - and VSS will implement mindless shit to make UX even worse
well that's disappointing. have heard VSS is not one of the good guys to work with.
Someone should leak this thread to media....see a lot of comments by vss these days in media...would like to know his comment on this thread too 😜
Why don't you do it?
Any idea from digital marketing team? Can it be affected?
All teams will be affected
Yes. I was the first casualty of the day
Absolutely! One entire floor is booked by HR for firing. Already the process has started!
They should first layoff the incompetent overpaid toxic VPs and Product Heads. Especially RD.
There are news that massive layoffs are coming in Paytm. HR and Business Heads have been given targets - average 30% reduction expected across all teams. #bravenewworld
Poor timing !! Festive season, Christmas/new year and these layoffs. It's a remainder for everyone that compani...
They're citing AI is the reason for layoffs as if they've invented AGI LOL
Will this affect engg and product also? Or only business
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 ...
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.
