Ride-hailing company Ola is reportedly planning layoffs. According to a report published on Monday, April 29, Ola Cabs is to undertake a restructuring exercise as part of which 10% of its total staff will be laid off. Amid the layoff news, Ola Cabs CEO Hemant Bakshi has resigned from his post. Hemant Bakshi, whose resignation come into effect immediately, joined the company in January this year. His resignation and the news about layoffs come just a few weeks after Ola Cabs initiated preliminary discussions with investment banks for an IPO. Google Layoffs: Tech Giant Lays Off Its Entire Python Foundation Team for Cheap Labour, Asks Them To Train Their Replacement To Be in Munich Office.

Ola Cabs CEO Hemant Bakshi Quits as Company Plans Layoffs:

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