Indian unicorns are now struggling to keep their businesses afloat. Layoffs and salary cuts have now become a daily news from these new-age startups. Joining the likes of Swiggy, Zomato, and Uber, ride-hailing Indian unicorn Ola has decided to lay off staff. In a company blog post written by the CEO Bhavish Aggarwal, it was…
Tag: ola restructuring
Ola restructuring to impact 250 roles
by
•Ola, the leading ride hailing company, is looking at an IPO in next 18-24 months. The company has been focusing on profitability prior to its IPO. It is learnt that the company has initiated a restructuring exercise. As per a PTI report citing a company spokesperson – the restructuring is aimed at becoming “more nimble…