GigglyCoconut
GigglyCoconut

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 compliance and don't know how to treat employees with dignity.


A former employee whose services were recently terminated by the company because he refused to resign said Paytm did not furnish an experience letter.

The impacted employees have also formed a social media group to deliberate and decide on the next course of action. Some of them are consulting lawyers with at least one employee having already filed a complaint with the labour ministry.

https://timesofindia.indiatimes.com/business/india-business/asked-to-quit-paytm-employees-cry-foul/amp_articleshow/110979880.cms

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Layoffs
by GigglyCoconutSoftware Engineer

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!

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Fintech India
by PeppyCoconutPayTM

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...