Ola Cabs CEO Hemant Bakshi resigns; company to lay off 10% employees

Hemant Bakshi, who served as the CEO of Ola Cabs, the ride-hailing arm of ANI Technologies, has resigned, just four months after assuming the role, reported Moneycontrol, citing sources.

Bakshi’s exit coincides with the company’s impending restructuring efforts, poised to impact at least 10 per cent of the workforce, the report added.

Bakshi, who assumed the CEO role in January, will immediately vacate his position, leaving the reins to company co-founder Bhavesh Aggarwal, who will oversee day-to-day operations until a new CEO is appointed.