Ola Cabs starts laying-off employees; issues pink slips to 200 people

Ola Cabs, Bangalore-based cab aggregator, has started laying off people. The company has handed pink slips to 200 people across tech, engineering and product teams as a part of its “restructuring exercise”, news platform Inc42 reported.

Those sacked are from Ola Cabs, Ola Electric and Ola Financial Services teams, it added. Employees from the engineering team have been impacted the most. The company had announced in September that it would lay off 200 people.

“We regularly conduct restructuring exercises to improve efficiencies, and there are roles which are now redundant. We will continue making new hires in engineering and design, including senior talent in our key priority areas,” an Ola spokesperson said in the report.