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Ola To Lay Off Around 350 Employees In Pre-IPO Streamlining

Nov 29, 2019 13:41 IST

In a bid to streamline its business towards profitability, Ola has reportedly decided to lay off between 5-8% of it's staff, that's around 350 of the total 4,500 employees.

The company aims to go public in the next 18-24 months and may be looking to lay off up to 8% of its  employee base.

Employees may also be transitioned to other parts of the business like Ola Electric, Ola Foods and Ola Financial Services. 

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