Paytm 'Job Cuts': Labour Ministry Summons Paytm Parent Firm One97 Over Alleged Forced Layoffs
The Labour Commissioner has reportedly summoned One97 Communication Ltd., the parent firm of Paytm, to address allegations of forced layoffs and unfair job terminations.
New Delhi, July 10: Paytm parent firm One97 Communication Ltd. is facing scrutiny from the Labour Commissioner over alleged forced layoffs. The controversy revolves around accusations that Paytm has been unfairly cutting jobs. The Labour Commissioner has reportedly summoned the management of One97 Communication Ltd., which owns Paytm, to address these allegations. As per reports, Paytm representatives and those who filed complaints have been asked to come to the department's office with all important documents.
As per a report of Money Control, Paytm parent firm One97 Communication Ltd. has been summoned by the Regional Labour Commissioner of Bengaluru over alleged forced layoffs of its employees. The Labour Ministry has reportedly taken action after receiving complaints from Paytm employees accusing the company of violating laws and forcing terminations without pay. Paytm CEO Vijay Shekhar Sharma Says ‘Paytm Was Like a Daughter to Me Who Met With an Accident’.
The employees who were forced to voluntarily resign without any warning or compensation have lodged their complaints through the ministry's Samadhan portal and other public grievance channels. They have provided supporting emails and documents to support their claims and are requesting to be reinstated in their previous positions.
Paytm's Response
As per reports, a representative from Paytm expressed appreciation for the hard work and commitment of their employees. The company values their contributions and feels grateful for their dedication. Paytm spokesman said, “The decision to transition some employees has been a difficult one for all parties involved, and was made only after careful consideration of all available options." Paytm Founder Vijay Shekhar Sharma Responds to Senior-Level Employees Exits, Says ‘All Is Well and All Is Rocking’.
The Paytm spokesperson explained that the company has made efforts to offer strong support to employees going through transitions. They have focused on being fair and transparent throughout the process. The spokesperson also added that the company is actively listening to the concerns and suggestions of the employees who have been affected. They are committed to working together with everyone involved to make sure that the employees' best interests are taken into consideration.
(The above story first appeared on LatestLY on Jul 10, 2024 08:47 AM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website latestly.com).