Another round of lay-offs at Ola, close to 250 employees let go

This is turning out to be a season of some serious workforce reduction measures by Ola. Barely 2 weeks after its previous mass lay-off, the company has now let go off close to 250 employees, citing restructuring and ‘natural churn in the current industry scenario’ as reasons for the same.

This current set of lay-offs comes close to 2 weeks after the company shut down TaxiForSure, and laid of nearly 300 employees. It isn’t sure as to why the current 250 were let go, but reports have mentioned sources saying that the current layoff percentage is identical to previous years’.

In a statement received from Ola, the company has said,

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