Rahul Raj’s Post

Paytm Layoff Paytm laid off over 1,000 employees across various units as part of its cost-cutting and realignment strategy. Paytm implemented AI-powered automation to eliminate repetitive tasks and roles, saving 10-15% in staff costs. Paytm’s layoffs impacted 10% of its workforce, mainly in the operations, marketing, and engineering teams. Paytm plans to hire 15,000 people in its core payments business and expand its focus on new verticals such as insurance and wealth management. Paytm’s layoffs reflect a broader trend in the new-age tech sector, which witnessed over 28,000 job cuts in the first three quarters of 2023. #paytmlayoff #digitalpayments #indiatech

Is it the right time to join Paytm? 🤔 numbers might look tempting, but it's important to think twice before joining, especially with the recent tech news about Paytm. ✅ This doesn’t just apply to Paytm; when considering any company, you should keep in mind factors like:  - Tech stack  - Ease of switching jobs later - What happens if they do layoffs?  - Notice period  - Work-life balance (obviously)   There are many other personal preferences, but remember, "even a small decision can have a big impact in the long run." Feel free to mention companies you think are risky to join or where balancing life and work is challenging in the comments.👇 #paytm #worklifebalance #seniorsoftwareengineer #compensation

🔴 𝐏𝐚𝐲𝐭𝐦 𝐋𝐚𝐲𝐨𝐟𝐟𝐬: 𝐊𝐞𝐲 𝐃𝐞𝐯𝐞𝐥𝐨𝐩𝐦𝐞𝐧𝐭𝐬 𝐚𝐧𝐝 𝐄𝐦𝐩𝐥𝐨𝐲𝐞𝐞 𝐑𝐞𝐚𝐜𝐭𝐢𝐨𝐧𝐬 🔴 💼 𝐉𝐨𝐛 𝐂𝐮𝐭𝐬 𝐚𝐭 𝐏𝐚𝐲𝐭𝐦: Paytm has recently initiated significant layoffs affecting multiple departments. 🛑 𝐑𝐞𝐬𝐢𝐠𝐧𝐚𝐭𝐢𝐨𝐧 𝐑𝐞𝐩𝐨𝐫𝐭𝐬: Some employees report being asked to resign without severance packages. ⚠️ 𝐏𝐫𝐨𝐜𝐞𝐬𝐬 𝐂𝐨𝐧𝐜𝐞𝐫𝐧𝐬: There are reports indicating that the layoffs were carried out informally, lacking the usual procedural transparency. 💸 𝐁𝐨𝐧𝐮𝐬 𝐂𝐥𝐚𝐰𝐛𝐚𝐜𝐤𝐬: Some employees have mentioned being asked to return their bonuses as a condition for their resignation. 💰 𝐒𝐞𝐯𝐞𝐫𝐚𝐧𝐜𝐞 𝐏𝐚𝐲: Several employees have raised concerns about the absence of severance pay. 🔍 𝐈𝐧𝐬𝐢𝐠𝐡𝐭: This situation highlights the importance of transparent and fair practices during layoffs to maintain trust and morale within the company. source : The Indian Express The Economic Times #WorkplaceEthics #JobCuts #EmployeeRights #Transparency #CorporateNews #HRPractices #EmployeeWellbeing 🚨

Paytm layoffs: Teams may be cut by 20% in size, says report. Company says employee assessment ‘routine’ . . #corporatesuccess #businessintelligence #corporateevents #shareholdervalue #shareholdervalue #profitmargins #corporategrowth #marketanalysis #stockmarket #businessnews

Is your company going on the path of Paytm/Byju layoffs? Nearly 15k people by these two companies and more than 100k from Many startups in India affected by layoffs. I remembered founders of many such startups shared emotional message and fired the team without proper compensation. They even ask them not to speak with anyone or post anything on social media. If you are feeling - Teams are reduced slowly. - Everyone working on old project. - No new initiatives. - Bad practices / notices from govt agencies - Valuations are going down by external auditors - Company loss increasing Just try your best to get out. Company top leaders always have huge stocks but you may not. They will always remain cash positive for the rest of their life. Take your decision financially not emotionally. #datascience #career #tech #machinelearning #engineering #sde #sde2 #staff #job #paytm #byju #layoffs #jobs

One97 Communications seeks to significantly reduce its employee costs this fiscal year. As per reports, Paytm layoffs may impact around 5,000-6,300 employees. #newsupdates #newsflash #newsupdate #newsfeed #businessupdates #businessupdate #businessnews #business #indianews #paytm #layoffs #layoffs2024

🚀 Breaking News: Paytm Employee Layoffs: One97 Communications, Announces Layoffs Amid Restructuring Efforts🚀 Are you ready for a game-changer in the fintech sphere? Paytm’s parent company, One97 Communications, has just unveiled an ambitious strategic realignment plan, setting the stage for a more agile and focused future. While this entails some adjustments in the workforce, Paytm remains steadfast in its commitment to supporting its employees through every step of this exciting journey. In a recent announcement, One97 Communications reiterated its pledge to provide comprehensive outplacement support to those affected by the restructuring, ensuring a seamless transition to new opportunities. Leveraging partnerships with over 30 forward-thinking firms currently hiring, Paytm is actively championing the professional growth of its team members. Moreover, in a testament to its unwavering integrity, the company is honoring its commitment to fairness by disbursing bonuses owed to employees, fostering a culture of trust and transparency. Keen to delve deeper into the intricacies of Paytm’s strategic overhaul and its profound implications for the fintech landscape? Dive into our latest blog post. https://lnkd.in/epRrrTFX #Paytm #Fintech #StrategicOverhaul #EmployeeEmpowerment #FutureofWork

Tech giant PayPal joins the layoff trend, axing 2,500 jobs (9% of its workforce). CEO Chriss points to sluggish growth and bloated operations as reasons for the "difficult but necessary" cuts. The move aims to streamline operations, boost efficiency, and drive profitability. Affected employees will be notified this week and offered "utmost respect & support" during the transition. Despite the layoffs, PayPal remains optimistic about its future, vowing to "maximize reach, scale, and resources" to better serve its customers. #PayPalLayoffs #TechIndustry #RightSizing #FutureForward #thesocialtalks

Day 87 of 2024 and 50,841 People Laid Off already! And the tech layoff wave is not showing any signs of slowing down. Recently Dell Technologies laid off its workforce following the steps of Google, Amazon, Microsoft, Flipkart, Paytm, Swiggy and many other larger, smaller firms. Reasons like workforce rebalancing, drop in revenue are surfacing on the internet but Turnitin stated the reason to be AI for their loss in headcount. These layoffs serve as a reminder of the deep impact of layoffs and how risk profiles could evolve from here. What do you think? Is the time near or actually here when AI will rule human employment? or we are just hiding organizations' incapabilities through AI? #layoffs #layoff2024 

Paytm Employee Layoffs: One97 Communications, Announces Layoffs Amid Restructuring Efforts Are you ready for a game-changer in the fintech sphere? Paytm’s parent company, One97 Communications, has just unveiled an ambitious strategic realignment plan, setting the stage for a more agile and focused future. While this entails some adjustments in the workforce, Paytm remains steadfast in its commitment to supporting its employees through every step of this exciting journey. In a recent announcement, One97 Communications reiterated its pledge to provide comprehensive outplacement support to those affected by the restructuring, ensuring a seamless transition to new opportunities. Leveraging partnerships with over 30 forward-thinking firms currently hiring, Paytm is actively championing the professional growth of its team members. Moreover, in a testament to its unwavering integrity, the company is honoring its commitment to fairness by disbursing bonuses owed to employees, fostering a culture of trust and transparency. Dive into our latest blog post. Read More: https://lnkd.in/eXKhVUQ5 #Paytm #Fintech #StrategicOverhaul #EmployeeEmpowerment #FutureofWork