The discharge says, Sharma is stepping right down to pursue alternatives within the subsequent part of his skilled journey. Earlier than becoming a member of Paytm, Sharma spent 9 years in management roles at Google, masking India and the APAC area.
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Addressing latest speculations, Paytm additionally emphatically denied studies suggesting a 25-50 % workforce discount in particular enterprise segments.
In its submitting Paytm stated that such studies had been baseless and inaccurately signify the corporate’s operational and strategic planning.
Based on the submitting, Paytm is at the moment engaged in its annual appraisal course of, a routine organizational observe geared toward assessing and enhancing workforce efficiency. This course of, targeted on efficiency evaluations and position alignments, is normal throughout industries and isn’t indicative of layoffs.
The corporate additionally clarified that its restructuring efforts and performance-related changes are misconstrued as layoffs. The submitting says that Paytm reassures its dedication to progress and operational effectivity with out compromising its workforce’s stability.
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The alternate submitting quotes a Paytm official assertion asserting, “The claims of layoffs affecting 50% of our workforce are unfounded and deceptive. We’re targeted on sustainable progress, innovation, and offering distinctive service to our clients. We urge our stakeholders and the general public to depend on factual and verified data from official sources and disrespect speculative narratives.”The corporate additional says that Paytm stays devoted to its mission of main the digital funds and monetary providers panorama in India, reinforcing its dedication to innovation, customer support, and workforce growth amidst unfounded layoff speculations.”