OLX to lay off 1,500 employees

Layoff News: Popular platform among users for buying and selling goods online Olks I also decided to lay off. The names of European online marketplaces have also been included on the list of tech companies recently laid off. OLX announced a 15% cut in its workforce. About 1,500 people will lose their jobs as a result. According to the report, the cuts will be on a global scale and employees in a variety of positions will be affected by the cuts.

A company spokesperson said the decision was regrettable. In providing information on the cuts, he said, “This means we are reducing the size of our workforce. We regret the turnover of employees who have contributed to the company. But you have to do it to achieve your future ambitions.

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Company interest in affected employees

An OLX spokesperson added, “Our number one focus right now is to ensure that our employees are treated fairly and with dignity.” According to a report by Financial Express, in light of changing economic conditions, OLX is taking necessary steps to reduce costs. As a result, it also decided to lay off 1,500 employees worldwide.

More impact of downsizing on these people

As of now, it is unclear how many staff members will be based in India due to OLX’s latest decision. However, those involved in the matter have informed us that engineering and operations teams in India will be most affected. Operating from Amsterdam, the capital of the Netherlands, the company started operations in India in 2009. Here, the company offers its services through OLX and OLX Auto.

A popular platform for buying and selling goods

OLX started working on a global level in 2006. Currently, the company has more than 20 brands worldwide. According to its website, the company is active on five continents. The platform allows users to buy and sell goods from different categories. The platform is very popular for buying and selling fashion, electronics, furniture, cars, bikes and more.