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Indian ride-hailing giant Ola cuts 180 jobs in profitability push
Ola has let go its chief executive Hemant Bakshi, merely four months after making the appointment, and is cutting about 180 additional jobs, a source India's Ola has let go its chief executive Hemant Bakshi, merely four months after making the appointment, and is cutting about 180 jobs.
Ola has let go its chief executive Hemant Bakshi, merely four months after making the appointment, and is cutting about 180 additional jobs, a source familiar with the matter told TechCrunch. The move from the Indian ride-hailing startup is aimed at “improving profitability,” its founder and chairman Bhavish Aggarwal told employees in an email Monday reviewed by TechCrunch. The Bengaluru-headquartered startup, which counts SoftBank and Tiger Global among its backers, is undergoing a “restructuring exercise” to gear up for its “next phase of growth,” Aggarwal, pictured above, wrote in the email.
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