Paytm throws lifeline to Snapdeal, Stayzilla ex-staff

New Delhi: With hundreds of employees being handed out pink slips by companies such as Snapdeal and Stayzilla, rival ecommerce firm Paytm is walking into the ring by offering generous job offers to laid off staffers.

Paytm Founder and CEO Vijay Shekhar Sharma tweeted: “Hello, Tech/Product people in Delhi NCR, feeling heat of business restructuring? We welcome you @Paytm and @Paytm-Mall with open arms.”

While the tweet did not mention any names, it may be noted that last week, Snapdeal announced laying off around 600 employees across verticals, while homestay-booking platform Stayzilla shut shop.

Paytm, which is slated to launch its payments bank soon, is hiring aggressively.