Start-up layoffs an opportunity to hire top talent for others

 

LATEST NEWS – Making the most of the crisis and in the process playing white knights to the hundreds of professionals, companies such as Paytm, MobiKwik and a host of IT firms are offering jobs to those laid off by e-commerce players such as Snapdeal, Stayzilla and Tolexo.

According to these companies, resumes of data analysts, marketing, business development and other professionals have already started pouring in large numbers. On Friday, Vijay Shekhar Sharma of online mobile wallet major Paytm, tweeted that his company would ‘welcome them with open arms’.

“Hello, Tech/Product ppl in Delhi NCR, feeling heat of business restructuring? We welcome you @Paytm and @PaytmMall with open arms,” he tweeted (sic.). One97 Communications, the parent company of Paytm wallet, Paytm marketplace as well as payments bank is on a rapid expansion mode. It would soon start its much awaited payments bank, as well as launch a brand new marketplace app PaytmMall and needs at least 700-1000 new professionals.

Senior executives at Paytm say they have already received over 350-450 resumes from Snapdeal and its sister concern Freecharge. “They are also some from Stayzilla. Queries have risen since our founder tweeted on Friday morning. We are in the process of evaluating and calling people for interviews,” said an executive.

This is not the first time Paytm has pulled off a recruitment coup. Last year in May, it took some of the IIM-Ahmedabad graduates who were left in a lurch by online marketplace major Flipkart, when it postponed their joining dates. READ MORE

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