OLX Group

In June 2023, OLX Group, the online marketplace and classifieds business of Prosus, laid off approximately 800 employees globally. This workforce reduction was a direct result of the company's strategic decision to exit its automotive business unit, OLX Autos, which was announced earlier in March. After exploring potential buyers or investors, OLX Group proceeded with individual country sales in some markets like Chile, India, Indonesia, and Turkey. However, it was forced to shut down operations entirely in other markets, including Argentina, Mexico, and Colombia, after failing to find suitable buyers. The layoffs affected employees across various markets and divisions, not limited to a single region. Headquartered in Amsterdam and operating in over 30 countries, OLX Group is a major player in the global online classifieds and e-commerce industry.

OLX Group laid off 1,500 employees representing approximately 15% of its workforce on 2023-01-30.