3 September 2016, India
Ola is laying off around 250 people on performance grounds and eliminating contract roles due to a business realignment. The move comes barely a fortnight after Ola let go off 300-odd employees post shutting down TaxiforSure.
The company said, “An annual attrition of 3-4% 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. These have been well-thought-through organizational decisions, keeping in mind the best interests of employees and business efficiencies.”
This step seems to be a consolidation strategy in a bid to strengthen its core business against rival Uber. Earlier, Ola had also withdrawn from the grocery and food delivery businesses as well.
Ola has doubled its headcount to over 6,000 employees in the last 12 months. Sources close to the company said the involuntary attrition percentage in the firm was no different from what it was last year. Source- ToI