No Paytm Employee Will Be Forced To Work From Office; 100% Flexibility Promised
Paytm’s founder and CEO Vijay Shekhar Sharma said on October 28 that the company will continue to allow workers to work from home as it expands its talent acquisition to Tier 2-3 locations.
“We will be 100% flexible forever for good. We will not force people to come to the office. We have switched to a world where working from home or remote working is a new norm,”
“We have started recruiting in tier two tier three towns such as Jalandhar, Ludhiana, Cuttack,”
Sharma while talking to journalists ahead of its Rs 18,300 crore initial public offering.
Paytm IPO’s Opening And Closing Date
Paytm is presently India’s second most valuable Internet firm, with a market capitalization of $16 billion. The company has boosted the size of its IPO from 16,600 crores to 18,300 crores. It consists of an 8,300-crore new issuance and a 10,000-crore offer for sale (OFS).
The IPO of One97 Communications Ltd, which operates the Paytm payments service, will begin accepting subscriptions on November 8 and end on November 10.
On November 18, the company intends to list on stock exchanges.
This would make the IPO the largest ever in India!
Work From Home Ends!
TCS has also announced that it is moving from work from home to work from the office! By the end of this year or the beginning of next year, the corporation plans to call 90% of its employees back to work.
Wipro allowed its employees in the leadership roles to return to the office from early September. In earlier September, Wipro Chairman Rishad Premji announced calling employees back to the office.
HCL Technologies is also planning to revert to work from office culture.
Amazon.com Inc. will allow teams to continue working remotely.
Infosys, while announcing the quarterly earnings, said that it is engaging to adopt a hybrid work model as more of its employees have been vaccinated against Covid-19.