Subscribe
OLX Lays Off 250 Employees in India

OLX Lays Off 250 Employees in India

Used goods marketplace OLX has laid off around 250 employees in India. The recent development is a part of a larger change in strategy within the organization.

 

The impacted employees are mostly from the sales and support teams.

 

Commenting on the layoff, an OLX spokesperson said, "By refocusing our strategy, we have decided to make a few internal alignments last week that have impacted around 250 of our colleagues in sales and support teams."

 

"Our priority is to ensure this process is handled thoughtfully and respectfully towards them." he added.

 

The spokesperson further stated, "We are committed to find opportunities for some within OLX and Prosus businesses, and to extend to our impacted colleagues meaningful exit severance compensations and outplacement support to ensure they are well-looked-after post this transition."

 

OLX, which entered India in 2009, currently has a headcount of nearly 7,500 employees across the globe.

 

Follow and connect with us on LinkedIn, Facebook, Instagram, Twitter for latest HR news and insights.

 

Does your organisation support you in maintaining work-life boundaries?

Trending

SIMILAR ARTICLES

Capgemini names Aarti Srivastava as CHRO for India

Capgemini names Aarti Srivastava as CHRO for India

Smytten to double down its employee strength by end of this year

Smytten to double down its employee strength by end of this year

Scripbox names Krithika Muthukrishnan as Chief Data Science Officer

Scripbox names Krithika Muthukrishnan as Chief Data Science Officer

Comment

0/3000 Free Article Left >Subscribe