Rahul Raj’s Post

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 🚨

Please do not ignore this post. So finally, Paytm has started laying off its sincere employees. It's ironic that everyone has to suffer mistakes and negligence of a few upper management people. If you are looking to hire someone or have openings in your company, please comment below, or if you have been affected by layoffs please checkout comments. Share this post with someone who may need it. #paytm #layoff #hiring

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

Do you know what's the worst thing about loss-making startups or businesses? When they start building a business, their motive is growth, and once they get enough funding, they overhire. Then, when they begin their path toward profitability, the first thing they do is fire employees. The ones responsible for growth earlier are suddenly a liability and are laid off because of cost-cutting and path-to-profit measures. Recently, Paytm announced over 5,000 layoffs expected amid a push for efficiency. It's extremely important for employees to constantly upskill and assess market conditions for their well-being—mentally, emotionally, and financially

🚀 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

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

Hello everyone, I’m excited to share that I’m on the lookout for my next opportunity! It’s been just over 6 months since my last day at PayPal. Like many colleagues, I was affected by the February layoffs. While the end of a chapter in this way was unexpected, the truth is I was ready for a new direction. Make no mistake, my nearly 13 years at PayPal were truly incredible, and I still consider it an outstanding company to work for. I spent the first 1.5 years in Marketing before transitioning to CX analytics within the customer service business unit. Over the subsequent 11+ years, I focused on supporting our highly successful VOC program. It was a dynamic, challenging, and immensely rewarding experience that allowed me to collaborate with talented individuals across nearly every business unit and I’m deeply grateful for everything we accomplished together. I was also very fortunate to work with a series of remarkable leaders, each with their own approach to guiding, motivating and developing their teams. In order of when I started, I want to extend my gratitude to Marion Dickson, Lauren Fusco, Amy Hannesson, Paul Kim, and Mark Heap for their stellar leadership. I also owe much of my success to the talented colleagues who reported to me over the years, including Mukundan A K, Gurucharan Seshadri, Ashwani Kumar, Jason Jones, and Anchit Kumar. You are all amazing talents! If you’re wondering what I’ve been up to the past 6 months, well it has been an amazing journey! Aside from the obvious need for reflection and restoration, I dedicated the first 2.5 months to healthy living, namely eating better and previously unseen dedication to the gym and an active lifestyle. That prepared me for 2 months of epic travel with my wife, visiting 7 destinations spanning 4 countries.  Since our return, it’s been about reconnecting with friends, family and volunteering our time.  I’ll also admit this has been a “test and learn” for myself to see what retirement looks like and assessing our preparedness. If I seem a bit nonchalant, you might be correct but it doesn’t take a wizard to complete this sequence (representing my career): 13 years at American Express, 13 years at PayPal, X years at Y company I’ll bet X=13 and as for Y, hoping my LinkedIn network can help solve that one!  😃 Please let me know if you or someone you know is looking for a proven analytic leader and problem solver. A final heartfelt thank you to everyone I worked with at PayPal!

Tech layoffs cross 70,000 in April 2024! Companies like Google, Apple, Amazon cut hundreds of jobs - Apple's layoffs included 614 employees from its special projects group, linked to the now-canceled self-driving car project - Google also laid off 200 employees, affecting teams like Python, Flutter, and Dart - Byju's, laid off 500 employees due to funding challenges, investor unrest, and multiple frauds - Amazon, too, streamlined its operations, cutting jobs in its cloud computing division and other areas - Tesla reduced its global headcount by 10%, responding to weaker sales and increased competition - Ola Cabs cut 200 jobs, with its CEO resigning amid workforce changes - HealthifyMe, a health tech startup, let go of 27% of its staff to restructure and expand its market reach What do you think about this? Harsh Gupta Pic credit Aryan Trivedi !!

2024's biggest layoffs revealed! Shocking Layoffs of 2024: Is the Future of Work at Risk? According to recent reports from the Economic Times, here are some of the significant layoffs in 2024: 1. Flipkart: 1,100-1,500 employees (5-7% workforce) 2. Swiggy: 400 employees (6% workforce) 3. Paytm Payments Bank: 20% of the workforce 4. Ola Electric: 300-400 jobs 5. Ola Cabs: 200 employees (10% workforce) 6. Tata Steel: 2,800 jobs (primarily at British facilities, not India-specific) 7. Byju's: 500 employees (sales & marketing teams) 8. Cult.fit: 150 employees 9. Unilever: 7,500 jobs (global layoffs, not India-specific) 10. Good Glamm Group: 150 employees (organizational restructuring) These layoffs reflect challenges across industries in India and globally. Let’s support those affected and have meaningful conversations about the future of work and how we can adapt to these evolving dynamics. Sources: Economic Times, Times of India, and company announcements. #Layoffs #FutureOfWork #India #Business