OLX Layoffs 2023: Online marketplace OLX has regretted the decision to lay off. However, the company said that this step has been taken to fulfill ‘future ambitions’.
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Layoffs News: Popular platform among users for online buying and selling of goods olx has also decided to lay off. The name of European online marketplace has also been included in the list of tech firms which have recently laid off. OLX has informed about reducing the workforce by 15 percent. Under this, about 1,500 people will have to lose their jobs. According to reports, this retrenchment will be at the global level and employees working in different positions will be affected by this retrenchment.
A company spokesperson termed the layoff decision as regrettable. Giving information about the retrenchment, he said, “This means that we are reducing the size of our workforce. We regret the separation of employees who contributed to the company. But it is necessary to do so to fulfill future ambitions.
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Company’s attention to affected employees
The OLX spokesperson further added, “At this time our foremost focus is on ensuring that employees are treated fairly and with dignity.” According to the report of Financial Express, in view of the changing economic conditions, OLX is taking necessary steps to reduce the cost. Under this, it has also been decided to lay off 1,500 employees from the staff working all over the world.
More effect of retrenchment on these people
At present, it is not clear that how many employees working in India will be affected by OLX’s latest decision. However, people related to this matter informed that the engineering and operations team in India will be the most affected. The company, which runs from Amsterdam, the capital of the Netherlands, started its business in India in 2009. Here this company provides service through OLX and OLX Auto.
Famous platform for buying and selling of goods
OLX started working at the global level in 2006. At present, this company has more than 20 brands across the world. According to its website, this company works in 5 continents. Through this platform, users buy and sell goods of different categories. This platform is very popular for buying and selling fashion, electronics, furniture, cars, bikes etc.
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