- Ola shut down TaxiForSure operations last month
- It acquired TaxiForSure for $200 million last year
- Around 250 employees have been sacked
Within weeks of firing about 700 employees of its TaxiForSure operations, cab aggregator Ola has now sacked close to 250 people from its own workforce citing non-performance and other issues.
The move comes as the Bengaluru-based firm is locked in an intense battle with global rival Uber in the Indian market.
“An annual attrition of 3-4 percent 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,” an Ola spokesperson said.
The spokesperson further added that these have been “well thought through” organisational decisions, keeping in mind the best interests of employees and business efficiencies.
The company, however, said it also intends to hire employees across various cities.
“At the same time, we continue to hire the best of talent from across the country with over 300 open positions currently, to strengthen our 6,000-plus strong team in 102 cities, pan-India,” he added.
The layoffs come within a month of Ola shutting down its TaxiForSure operations 18 months after it acquired the business for about $200 million. The closure of TaxiForSure had left about 700 jobless.