Ola, one of the largest cab aggregators in the country. As per the latest updates Ola has reportedly laid off around 250 people on performance grounds and eliminating contract roles due to a business realignment.
Earlier, last week they had shut down TaxiforSure and had laid of over 1000 employees. The latest move comes at a juncture when companies are increasingly focussing on rationalising costs, given the slowdown in funding.
The sources aware of the development, mentioned,
“An annual attrition of 3-4% is a natural churn that is witnessed in the current industry scenario. This includes performance-driven exits, contract roles as well as a few surfacing from constant business realignment. These have been well-thought-through organisational decisions, keeping in mind the best interests of employees and business efficiencies.”
Of late Ola has been trying to strengthen its core business against rival Uber. Ola had also withdrawn from the grocery and food delivery businesses as well.
In last two years, Ola has witnessed a lot of structural changes and the exits of some prominent people including exits included Head of Cabs Category Management, Pradeep Dodle; Associate Vice President of Products, Harsha Kumar; and Payments Business Head, Rushil Goel.