Thursday, 22 June, 2023

Tech Layoffs: OLX Group Fires 800 Employees Following Closure of OLX Autos in Multiple Regions

OLX Group, a leading online classifieds platform, has laid off around 800 employees after shutting down its OLX Autos division in several regions. The decision to downsize the workforce comes as part of OLX's strategic restructuring plan. The move reflects the evolving dynamics of the automotive industry and OLX's focus on optimizing its operations. The layoffs have impacted the company's workforce but aim to position OLX for future growth and sustainability in the changing market landscape.