https://www.desidime.com/discussions/paytm-fires-over-1-000-employees-across-units-at-least-10-on-payroll-hit?page=1#post_9778226
Downfall of paytm..
Unemployment increased
Paytm fires over 1,000 employees across units; at least 10% on payroll hit
TIMES OF INDIA: Paytm fires over 1,000 employees across units; at least 10% on payroll hit.
One 97 Communications, the parent company of Paytm, has recently laid off over 1,000 employees across multiple units. The move comes as the publicly listed financial services firm aims to reduce costs and realign its various businesses. The job cuts have been implemented over the past few months, according to an ET report quoting sources.
Detailed Article: https://timesofindia.indiatimes.com/business/in...
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https://www.desidime.com/discussions/paytm-fires-over-1-000-employees-across-units-at-least-10-on-payroll-hit?page=1#post_9778290
There is a very high fear of recession. Across industries, many companies are silently firing people. I know many fired in Barclays India, EY, etc.
https://www.desidime.com/discussions/paytm-fires-over-1-000-employees-across-units-at-least-10-on-payroll-hit?page=1#post_9778301
Agree. Many articles were published when Meta/Microsoft/Google did there first round of layoffs. After that they have done many more rounds of layoffs silently.
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https://www.desidime.com/discussions/paytm-fires-over-1-000-employees-across-units-at-least-10-on-payroll-hit?page=1#post_9778703
Good. Those must be posts like analysts who only use excel 🥴🤡
https://www.desidime.com/discussions/paytm-fires-over-1-000-employees-across-units-at-least-10-on-payroll-hit?page=1#post_9779061
"We are transforming our operations with AI-powered automation to drive efficiency, eliminating repetitive tasks and roles to drive efficiency across growth and costs, resulting in a slight reduction in our workforce in operations and marketing,” a Paytm spokesperson told IndiaToday.in.
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https://www.desidime.com/discussions/paytm-fires-over-1-000-employees-across-units-at-least-10-on-payroll-hit?page=1#post_9781826
They don't even have support staff. Now this.
That robot which runs the support/help centre doesn't even let us create ticket. Only pre filled questionnaire.
Btw they should start giving some 1000 cb on 10 rupee added to wallet after this layoffs 🥰🥰🥰
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There is a very high fear of recession. Across industries, many companies are silently firing people. I know many fired in Barclays India, EY, etc.