Gautam thakar - Latest News Update, Information, Photos & Videos on Gautam thakar at Lokmat Times

New Delhi, Jan 31 Joining the mass layoff season, online marketplace OLX Group is slashing 15 per cent of its workforce, or more than 1,500 employees, globally including in India as part of restructuring amid the global meltdown and recession fears.According to a report in VCCircle, citing sources, it was not clear how many Indian workers will be impacted in OLX layoffs.The company's auto business is likely to be the worst hit, possibly impacting engineering and operations teams in India.A company spokesperson said "OLX is taking necessary measures to reduce its cost structure in light of changing macroeconomic conditions"."We are reducing the size of our workforce across the company. Doing so is necessary to meet future ambitions," the spokesperson added.OLX Group, which entered India in 2009, operates OLX and OLX Autos in the country. OLX Autos was formed in January 2020.The Prosus-owned company has more than 10,000 employees globally. Prosus is controlled by South Africa-based internet giant Naspers.The layoffs at OLX Group were first reported by The Financial Express.DealStreet Asia reported last week that OLX group is looking to downsize its Indonesian operations and has put the auto business up for sale.In February 2021, OLX Group appointed former Star Sports President and CEO Gautam Thakar as Global CEO of its pre-owned car marketplace OLX Autos.Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor

Home

City

Latest News

Cricket

LT Premium

National

International

Maharashtra

Opinions

Chhatrapati Sambhajinagar

Nagpur

Entertainment

Photos

Business

Technology

Sports

Lifestyle

Social Viral

Lokmat Games

Health

Pahalgam Terror Attack

Tahawwur Rana

IPL 2025

CM Devendra Fadnavis

Mumbai Local

Weather Update

Gautam Thakar, NewsFOLLOW

Gautam thakar, Latest News

Technology :Online marketplace OLX Group to slash over 1,500 jobs globally

New Delhi, Jan 31 Joining the mass layoff season, online marketplace OLX Group is slashing 15 per cent ... ...