[ad_1]
One97 Communications (OCL), the company that operates the Paytm brand, is asking its employees to resign citing restructuring at the organisational level, people in the know said.
While the exact number of employees impacted could not be ascertained, sources in the know said that in some departments the impact is almost 50 per cent of the headcount. Some of the business units that have been impacted include the telco unit, marketing, the Paytm Payments Bank, and others.
Click here to follow our WhatsApp channel
Last week, the company terminated the services of those employees who had refused to resign.
Paytm said the company is undergoing a routine appraisal process involving performance assessments which may lead to ‘role adjustments’.
“This is a layoff under the cloak of voluntary resignation and is happening across multiple teams under OCL. If the company is looking to weed out employees with low performance, why have they asked me to resign? I have been rated amongst the best in my team just a few months back,” an employee said.
Business Standard has reviewed the employee’s last performance management report along with the termination notice.
Employees said the exercise of voluntary resignation is happening across all departments in a phased manner and they expect that additional verticals would be communicated about the decision in the next few days.
“Out of 21 employees, 10 have already resigned and a few more have been asked to put in their papers. In the app team, 15 out of the 35 have resigned to date after being asked to,” another employee affected by the recent exercise said.
Other verticals including technology, product, and business have also been affected by this action, employees associated with the company posted on Grapevine, a social networking platform for professionals.
Paytm, however, has denied claims of layoffs and related exercises of employee resignation.
Paytm has called its annual appraisal process involving performance evaluations that lead to ‘role adjustments’ as ‘a standard practice across many organisations, distinct from any layoff implications’.
But those impacted by this say otherwise. “On our call with human resources when they asked us to resign, we were specifically told that this is not based on performance. Similarly, my performance assessment report for this entire year (FY24) is yet to be released. Also, will the number of underperforming employees be so much that it will account for nearly half a team?” an employee said.
The above-mentioned source also said that human resources are asking them to resign on video calls and if they resign the company will support in all other formalities.
“After voluntarily resigning and serving the notice period, human resources have said that we will have a clean exit and it will not impact our experience and relieving letter, a full and final (F&F), and good feedback on our background checks. The question is what if I don’t put in my papers,” said one of the employees quoted above.
Human resources at the company have assured employees a ‘clean exit’ in case they choose to resign.
Meanwhile, another individual employed at the company suggested that OCL would restart its hiring process after reducing headcount at a decreased pay scale.
“What happens in such times is that the company will look to fill in the places where employees have resigned after a few months when things cool down. However, it does so with a reduced package in order to control employee costs,” the person said.
The company in the past has said that it is looking at using Artificial Intelligence to improve efficiency, which also means hiring less. In January this year, the company had said that it is focusing on tech-enabled systems to improve operational efficiency as it rationalised its employee cost structures, which includes revising its hiring strategy, focusing on contract employees, and a stricter performance appraisal.
“When the Paytm Payments Bank fiasco happened, OCL’s Chief Executive Officer (CEO) Vijay Shekhar Sharma in an internal town hall had assured that there would be no layoffs, and regular hikes will be in place. The human resources and management have now asked us to put in our papers and asked to serve the remaining notice period of two months,” one of the affected employees told Business Standard on the condition of anonymity.
[ad_2]
Source link
mexico pharmacy: mexican pharmacy online – mexican pharmaceuticals online
indianpharmacy com: buy prescription drugs from india – world pharmacy india
mexican drugstore online mexico pharmacy mexican rx online
legitimate canadian mail order pharmacy: drugs from canada – canada drugs reviews
https://canadapharmast.online/# escrow pharmacy canada
online shopping pharmacy india: buy prescription drugs from india – Online medicine home delivery
http://foruspharma.com/# medicine in mexico pharmacies
medicine in mexico pharmacies mexico pharmacies prescription drugs mexico drug stores pharmacies
canadian pharmacy ratings: canadian pharmacy ed medications – canadian mail order pharmacy
mexican pharmacy: buying prescription drugs in mexico online – mexican rx online
top 10 pharmacies in india: reputable indian pharmacies – top 10 pharmacies in india
mexican rx online: mexican border pharmacies shipping to usa – pharmacies in mexico that ship to usa
best mail order pharmacy canada: online canadian pharmacy – canadian pharmacy review
http://paxloviddelivery.pro/# п»їpaxlovid
https://ciprodelivery.pro/# buy cipro online without prescription
https://ciprodelivery.pro/# buy ciprofloxacin
https://doxycyclinedelivery.pro/# doxycycline sale uk
http://clomiddelivery.pro/# where to buy generic clomid without insurance
http://paxloviddelivery.pro/# paxlovid covid
http://clomiddelivery.pro/# buying generic clomid price
buy cipro online canada [url=https://ciprodelivery.pro/#]buy cipro online canada[/url] п»їcipro generic
http://amoxildelivery.pro/# amoxicillin 500 mg
http://ciprodelivery.pro/# ciprofloxacin order online
http://amoxildelivery.pro/# generic amoxicillin
buying prescription drugs in mexico online mexico pharmacies prescription drugs purple pharmacy mexico price list
reputable mexican pharmacies online: medication from mexico pharmacy – mexico drug stores pharmacies
pharmacies in mexico that ship to usa: pharmacies in mexico that ship to usa – mexico drug stores pharmacies
http://mexicandeliverypharma.com/# п»їbest mexican online pharmacies
mexican rx online [url=https://mexicandeliverypharma.com/#]mexico drug stores pharmacies[/url] purple pharmacy mexico price list
mexican drugstore online: mexican rx online – medicine in mexico pharmacies
http://mexicandeliverypharma.com/# mexican border pharmacies shipping to usa
best online pharmacies in mexico: mexican drugstore online – buying prescription drugs in mexico
buying prescription drugs in mexico: mexican rx online – mexican border pharmacies shipping to usa
purple pharmacy mexico price list: mexican pharmaceuticals online – purple pharmacy mexico price list
best online pharmacies in mexico buying prescription drugs in mexico online mexican border pharmacies shipping to usa
reputable mexican pharmacies online: mexican rx online – buying prescription drugs in mexico
mexico drug stores pharmacies: mexican rx online – mexican online pharmacies prescription drugs
mexican pharmaceuticals online [url=http://mexicandeliverypharma.com/#]mexican pharmaceuticals online[/url] buying from online mexican pharmacy
best online pharmacies in mexico: buying prescription drugs in mexico – mexican mail order pharmacies
purple pharmacy mexico price list: buying prescription drugs in mexico online – medicine in mexico pharmacies
reputable mexican pharmacies online: pharmacies in mexico that ship to usa – mexican rx online
buying prescription drugs in mexico mexican online pharmacies prescription drugs mexican pharmaceuticals online
п»їbest mexican online pharmacies: п»їbest mexican online pharmacies – medication from mexico pharmacy
medicine in mexico pharmacies: mexican rx online – purple pharmacy mexico price list
п»їbest mexican online pharmacies: mexico drug stores pharmacies – mexico drug stores pharmacies
mexico pharmacy mexico pharmacy mexico drug stores pharmacies
best online pharmacies in mexico: п»їbest mexican online pharmacies – buying prescription drugs in mexico online
mexican border pharmacies shipping to usa: pharmacies in mexico that ship to usa – mexican drugstore online
best online pharmacies in mexico: buying prescription drugs in mexico online – purple pharmacy mexico price list
mexican rx online [url=http://mexicandeliverypharma.com/#]mexican rx online[/url] mexico pharmacies prescription drugs
medicine in mexico pharmacies: best online pharmacies in mexico – mexican border pharmacies shipping to usa
mexican drugstore online: best online pharmacies in mexico – buying from online mexican pharmacy
purple pharmacy mexico price list: purple pharmacy mexico price list – mexican border pharmacies shipping to usa
buying prescription drugs in mexico online: best online pharmacies in mexico – mexico drug stores pharmacies
medication from mexico pharmacy: mexican drugstore online – buying from online mexican pharmacy
buying prescription drugs in mexico: п»їbest mexican online pharmacies – medication from mexico pharmacy
mexico drug stores pharmacies: mexican mail order pharmacies – mexico pharmacies prescription drugs
buying prescription drugs in mexico online: pharmacies in mexico that ship to usa – buying prescription drugs in mexico online
mexican drugstore online: mexican mail order pharmacies – mexican rx online
mexican rx online: п»їbest mexican online pharmacies – pharmacies in mexico that ship to usa
mexican drugstore online: mexico pharmacies prescription drugs – mexican mail order pharmacies
mexican mail order pharmacies purple pharmacy mexico price list mexico drug stores pharmacies
buying prescription drugs in mexico: mexican pharmaceuticals online – reputable mexican pharmacies online
mexico drug stores pharmacies: pharmacies in mexico that ship to usa – mexico drug stores pharmacies
mexican mail order pharmacies: buying from online mexican pharmacy – buying prescription drugs in mexico online
purple pharmacy mexico price list mexico drug stores pharmacies medication from mexico pharmacy
mexican border pharmacies shipping to usa: mexican online pharmacies prescription drugs – mexican rx online
mexico drug stores pharmacies: best online pharmacies in mexico – best online pharmacies in mexico
mexico drug stores pharmacies: mexican rx online – mexico pharmacies prescription drugs
buying prescription drugs in mexico: medicine in mexico pharmacies – best online pharmacies in mexico
pharmacies in mexico that ship to usa: pharmacies in mexico that ship to usa – medicine in mexico pharmacies
buying prescription drugs in mexico: mexico drug stores pharmacies – mexico drug stores pharmacies
medication from mexico pharmacy: best online pharmacies in mexico – purple pharmacy mexico price list
mexican border pharmacies shipping to usa: mexico drug stores pharmacies – buying prescription drugs in mexico
mexico pharmacies prescription drugs: pharmacies in mexico that ship to usa – reputable mexican pharmacies online
tamoxifen benefits: how to prevent hair loss while on tamoxifen – nolvadex 20mg
https://propeciabestprice.pro/# buy generic propecia no prescription
http://cytotecbestprice.pro/# Misoprostol 200 mg buy online
order cytotec online: buy cytotec online – Misoprostol 200 mg buy online
http://nolvadexbestprice.pro/# tamoxifen generic
http://prednisonebestprice.pro/# purchase prednisone
zithromax for sale online: can you buy zithromax over the counter in mexico – zithromax over the counter canada
https://prednisonebestprice.pro/# prednisone generic brand name
buy cytotec online fast delivery: buy cytotec online fast delivery – buy cytotec pills
buy prednisone without a prescription best price: can you buy prednisone over the counter in canada – prednisone cost canada
how to prevent hair loss while on tamoxifen: tamoxifen bone density – tamoxifen cancer
http://cytotecbestprice.pro/# buy cytotec online
buying cheap propecia without prescription: cost of propecia tablets – buy propecia no prescription
cost propecia no prescription: cost of generic propecia – cost generic propecia without rx
https://zithromaxbestprice.pro/# zithromax 500 without prescription
buy prednisone with paypal canada: prednisone pack – drug prices prednisone
acquistare farmaci senza ricetta: kamagra gel prezzo – farmacia online
farmaci senza ricetta elenco: avanafil in farmacia – Farmacia online miglior prezzo
п»їFarmacia online migliore: Avanafil prezzo – Farmacia online miglior prezzo
farmacia online piГ№ conveniente: Farmacie on line spedizione gratuita – п»їFarmacia online migliore
Farmacie online sicure: Farmacia online migliore – top farmacia online
Farmacie online sicure: Cialis generico farmacia – farmacie online sicure
viagra coupon: Cheap generic Viagra – viagra dosage
http://tadalafil.auction/# cialis on line paypal payment
where to get cialis cheap: Generic Tadalafil 20mg price – cialis paypal accepted australia
cialis canadian: Buy Tadalafil 20mg – how does cialis work in the body
http://tadalafil.auction/# best place to buy cialis online forum
viagra professional: buy sildenafil online canada – generic viagra 100mg
http://tadalafil.auction/# i need cialis overnight
mexican pharmaceuticals online: mexican pharmacy – medication from mexico pharmacy
https://indiapharmacy.shop/# india pharmacy mail order
buy erectile dysfunction medication
https://mexicopharmacy.win/# mexican drugstore online
medicine in mexico pharmacies: Purple pharmacy online ordering – mexican border pharmacies shipping to usa
https://indiapharmacy.shop/# india pharmacy mail order
online ed medications
mexican border pharmacies shipping to usa: Certified Mexican pharmacy – buying prescription drugs in mexico online
https://mexicopharmacy.win/# mexico drug stores pharmacies
http://edpillpharmacy.store/# erectile dysfunction online prescription
where to buy ed pills
best online pharmacies in mexico: Best online Mexican pharmacy – mexico pharmacies prescription drugs
http://indiapharmacy.shop/# india pharmacy
http://indiapharmacy.shop/# mail order pharmacy india
https://indiapharmacy.shop/# buy prescription drugs from india
https://mexicopharmacy.win/# mexico drug stores pharmacies
https://mexicopharmacy.win/# buying prescription drugs in mexico
http://edpillpharmacy.store/# buying erectile dysfunction pills online
https://edpillpharmacy.store/# cheap erectile dysfunction pills
http://lipitor.guru/# lipitor 20 mg generic
zestril cost buy lisinopril price of lisinopril
Abortion pills online https://lisinopril.guru/# lisinopril 3973
furosemida 40 mg
generic lasix buy furosemide furosemide 40 mg
https://lipitor.guru/# lipitor 20mg
п»їcytotec pills online https://tamoxifen.bid/# effexor and tamoxifen
lasix online
cytotec pills buy online https://furosemide.win/# lasix furosemide
lasix furosemide 40 mg
https://lipitor.guru/# lipitor generic
buy lipitor online usa Lipitor 10 mg price lipitor online pharmacy
tamoxifen skin changes: buy tamoxifen citrate – tamoxifen endometrium
cytotec online https://tamoxifen.bid/# nolvadex pills
lasix furosemide
https://tamoxifen.bid/# clomid nolvadex
lasix 100mg: cheap lasix – lasix
nolvadex for pct: nolvadex 20mg – alternatives to tamoxifen
Abortion pills online http://cytotec.pro/# cytotec buy online usa
furosemide 40mg
https://tamoxifen.bid/# tamoxifen hip pain
generic lipitor 10 mg: cheapest ace inhibitor – can i buy lipitor over the counter
nolvadex for sale: buy tamoxifen citrate – tamoxifen vs raloxifene
buy cytotec online fast delivery https://lipitor.guru/# lipitor prices australia
lasix 20 mg
http://lisinopril.guru/# 208 lisinopril
tamoxifen lawsuit: Purchase Nolvadex Online – nolvadex during cycle
https://easyrxcanada.com/# 77 canadian pharmacy
https://easyrxcanada.online/# canadian online pharmacy
http://mexstarpharma.com/# mexican mail order pharmacies
http://mexstarpharma.com/# pharmacies in mexico that ship to usa
https://easyrxcanada.com/# reliable canadian pharmacy
https://mexstarpharma.online/# buying from online mexican pharmacy
https://easyrxindia.com/# indianpharmacy com
https://easyrxindia.com/# cheapest online pharmacy india
deneme veren slot siteleri: oyun siteleri slot – slot siteleri guvenilir
deneme bonusu: bahis siteleri – bonus veren siteler
en yeni slot siteleri: guvenilir slot siteleri – slot siteleri guvenilir
https://sweetbonanza.network/# sweet bonanza kazanc
yeni slot siteleri: deneme bonusu veren slot siteleri – 2024 en iyi slot siteleri
http://denemebonusuverensiteler.win/# deneme bonusu
bonus veren casino slot siteleri: deneme veren slot siteleri – slot siteleri bonus veren
http://slotsiteleri.bid/# yeni slot siteleri
http://sweetbonanza.network/# sweet bonanza guncel
1win вход: ван вин – 1вин сайт
https://1win.directory/# 1вин зеркало
vavada казино vavada online casino казино вавада
vavada зеркало: вавада зеркало – вавада казино
http://pin-up.diy/# пин ап казино вход
пин ап вход: пин ап казино – пин ап
1win зеркало: ван вин – 1win
https://vavada.auction/# вавада зеркало
vavada казино: вавада зеркало – казино вавада
https://1win.directory/# 1win официальный сайт
1вин: 1вин – 1вин официальный сайт
pin up: пин ап зеркало – пин ап