Paytm management summoned by Labour commissioner over alleged layoffs: Report
5 months, 2 weeks ago

Paytm management summoned by Labour commissioner over alleged layoffs: Report

Hindustan Times  

The regional Labour Commissioner of Bengaluru summoned One97 Communication, the parent firm of Paytm, over alleged forced termination of employees, Moneycontrol reported. The report claimed that the notice was issued by Regional Labour Commissioner under the Office of the Deputy Chief Labour Commissioner, Ministry of Labour and Employment. Responding to the report, a Paytm spokesperson said the company has strived to provide the best possible support to its transitioning employees and has ensured fairness and transparency throughout the process. The company has undertaken a massive restructuring process following the Reserve Bank of India's decision to ban several services of Paytm Payments Bank.

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Paytm's Vijay Shekhar Sharma puts up a brave face amid crisis, tells employees ‘no layoffs’
10 months, 2 weeks ago

Paytm's Vijay Shekhar Sharma puts up a brave face amid crisis, tells employees ‘no layoffs’

Hindustan Times  

Paytm founder Vijay Shekhar Sharma assured employees that there will be no layoffs as the company continues to struggle after the Reserve Bank of India restricted Paytm Payment Bank Ltd from offering almost all major banking services- taking deposits, FASTag, and credit transactions. Many banks are helping us,” Vijay Shekhar Sharma said during a virtual town hall with employees of …

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