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Ola restructuring biz ahead of IPO
Ride-hailing major Ola is undertaking a restructuring exercise ahead of its planned IPO and the move could impact up to 250 roles, according to sources.
New Delhi: Ride-hailing major Ola is undertaking a restructuring exercise ahead of its planned IPO and the move could impact up to 250 roles, according to sources.
The company, which has been focussing on profitability along with building up scale as it expands into international markets, will accommodate some of these employees in other business units like food, electric and financial services, sources close to the development said.
When contacted, an Ola spokesperson said the company's "organisational redesign aims to right size all our operations as well as leverage skills sets and experience of mobility employees in available positions in new business verticals".
The spokesperson, however, did not comment on the number of employees that could be impacted by the exercise.
