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Breaking news: Ola Cabs CEO Hemant Bakshi has reportedly resigned, hardly four months after taking up the post. Multiple media reports also state that Ola is likely to lay off over 10 per cent of its employees as a part of company restructuring.
After Bakshi, Ola Electric CEO Bhavish Aggrawal will be looking at the day-to-day operations of the company until a new CEO is recruited
Ola Cabs CEO Hemant Bakshi has reportedly resigned from his post. Moreover, Ola Cabs is to undertake a restructuring exercise as part of which 10% of its total staff will be laid off. �� Ola Layoffs: Ola Cabs CEO Hemant Bakshi Resigns, Ride-Hailing Company Plans 10% Job Cuts.
Ola Cabs' CEO Bakshi leaves, team cut pre-IPO. Ola Electric awaits Sebi nod. ANI profitable in FY23. Bakshi notes Ebitda turnaround, Rs 66 crore loss.
Even tech giant Apple couldn't escape the looming economic downturn, as it joins EA, Kyndryl, Unacademy, and several others in reducing headcount.