Ola rumoured to be laying off ~50% in their Cab Business : Product , tech and Ops. Heard from one ola employee.
Is this all for IPO ?
BiryaniEnthu
Stealth
5 months ago
🤠Shouldn't be laughing on layoff jokes 🙊🙊
Life’s a joke. So why shouldn’t we? Eventually, it’s going to affect each one of us. This may help soften that blow.
MightyLazyGeekStar
Stealth
5 months ago
Do they even have people left to layoff? Their attrition is always the highest.
FunkySaint
Stealth
5 months ago
News is out...
SMEBiryani
Stealth
5 months ago
Heard from a friend they fired yesterday with 3 months severance pay.
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Curated from across
Layoffs on
by SenecaTheIndian
Swiggy
IPO-bound Swiggy to slash 400 jobs in second round of layoffs
It had let go of 380 employees in January 2023 and even shut its meat marketplace in a bid to lower costs.
https://www.moneycontrol.com/news/technology/swiggy-to-slash-400-jobs-in-second-round-of-layoffs-12126061.html
Indian Startups on
by Foobar1
Stealth
OLA is a tough place to work
CEO goes out in 4 months. 10% layoffs.
The restructuring comes just a few weeks after Ola Cabs initiated preliminary discussions with investment banks for an IPO.
https://www.moneycontrol.com/news/technology/ola-cabs-ceo-hemant-bakshi-quits-firm-to-lay-off-10-staff-12710637.html/amp