Expanding amid the pandemic, Paytm to recruit over 1,000 people
27 August, 2020
Fintech major Paytm on Wednesday said it really is along the way of hiring over 1,000 people across various roles over another few months since it expands its operations, including segments like financial and wealth management services, in the united states.
Paytm is along the way of hiring over 1,000 engineers, data scientists, financial analysts among other positions for tech and non-tech roles, a statement said.
“The business has ramped up recruitment since it is heading for a rapid expansion of its financial and wealth management services,” it added.
Paytm and its own group businesses such as for example lending, insurance, wealth management and offline payments have already been expanding operations, thereby creating the necessity to generate more tech and non-tech employees, it said.
This team expansion would play an important role in launching impressive financial services and technology to fuel its growth journey, it added.
Apart from tech and non-tech hires to fill positions across its functions in Delhi-NCR, Mumbai and Bengaluru, Paytm can be bringing in over 50 senior-level executives in vice president roles and above to bolster its senior leadership.
In April, the Noida-based company had announced plans to employ over 500 people.
Asked if Paytm has completed that process, the company said it has hired near to 700 employees over the last four months.
“The 1,000 people is additional manpower in tech and non-tech roles that people need and the hiring process is on for that,” it said within an e-mailed response.
In its statement, Paytm said it held interviews and inductions of new joinees even through the lockdown.
In response to reports of layoffs and exit of senior leaders, the business said, “We have not let go any employees or resorted to any income cuts.”
“From April 2019 to date...while around 20 senior executives exited Paytm, over 140 have been hired for leadership roles in vice-president and above positions,” the statement said.
Recently, the business also announced establishing of its major campus in Noida, Uttar Pradesh to support its expanding team. The 5,000-seater office is spread across 5.5 lakh square feet of space.
“This season, we are aiming at adding additional 1,000 colleagues to our different business verticals to build and scale progressive products,” Paytm Vice President Narender Yadav said.
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