News: Ola fires 250 staff due to non-performance

Entrepreneurship

Ola fires 250 staff due to non-performance

Post the annual appraisal, the cab aggregator has decided to sack the employees whose performance didnt meet their expectations. A few others are also leaving due to end of contract period.
Ola fires 250 staff due to non-performance

Citing non-performance and other issues, Ola has laid off about 250 employees from its workforce. This comes right after the cab aggregator sacked about 700 employees of its TaxiforSure business which it had acquired months back. 

Ola just finished its annual appraisal and this lay off is a fall-out of the same. Some of the employees are also leaving because their contracts are getting over soon.

The company is also set to hire newer and best talents from various cities, according to the statement made by an Ola spokesperson. Ola has nearly doubled its employee strength over the last couple of years to 6,500. It has about 5.5 lakh driver-partners across 102 cities.

"An annual attrition of 3-4 per cent is a natural churn that is witnessed in the current industry scenario. This includes performance driven exits, contract roles. This includes performance driven exits, contract roles as well as a few surfacing from constant business realignment...At the same time, “We continue to hire the best of talent from across the country with over 300 open positions currently, to strengthen our 6,000-plus strong team in 102 cities, pan-India," an Ola spokesperson said. 

The spokesperson further added that these have been "well thought through" organisational decisions, keeping in mind the best interests of employees and business efficiencies. 

In August, Ola shut down its Taxiforsure operations 18 months after it acquired the business for $200 million.

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Topics: Entrepreneurship

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