Ola Layoffs
April 2024
Ola announced a layoff affecting 180 employees (10% of its workforce) in April 2024. The company operates in the Transportation sector.
180
10%
Apr 29, 2024
Company Information
- Industry
- Transportation
- Country
- IN
- Region
- Bengaluru, Non-U.S.
About
Indian ride-hailing giant Ola laid off approximately 180 employees in late April 2024 as part of a restructuring effort aimed at improving profitability and preparing for its next growth phase. The job cuts, which represent a small percentage of its total workforce, coincided with the departure of its CEO, Hemant Bakshi, after just four months. This move follows Ola's recent exit from several international markets, including the U.K., Australia, and New Zealand. The company, a major competitor to Uber in India and backed by investors like SoftBank, is also focusing on its upcoming IPO and leveraging AI and technology investments for future expansion.
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support@layoffs.nlCompany Information
- Industry
- Transportation
- Country
- IN
- Region
- Bengaluru, Non-U.S.