OLX Layoffs Dutch Company Will Layoff 15 Per Cent Of Its Workforce Globally For Cost Cutting
OLX to Layoff 15 percent of its Workforce Globally: In the midst of the global economic crisis, another multinational company is going to lay off on a large scale. According to the report, the Dutch online marketplace OLX will show the way out of the job to about 15 percent i.e. about 1500 employees in its global workforce.
Confirming the news related to layoffs, a company spokesperson has said that “OLX is reducing its global workforce by 15%, which will affect employees, business units and operations in all countries. Due to the changing macroeconomic conditions, we are taking necessary measures to reduce costs.
Engineering and operational team in India most at risk
Company spokesperson told the media that “It is a matter of regret that we are reducing the size of our workforce. We are sorry to part with our valued contributors. But, it is necessary to do so to fulfill our future ambitions. Although no exact data has been revealed about how many employees will be fired in India due to this retrenchment, but it is discussed that the most affected by this retrenchment will be the engineering and operational team.
The company started operations globally in 2006.
Let us tell you that OLX started its operations internationally in 2006. It has more than 20 brands globally. The company facilitates the buying and selling of products across categories including electronics, furniture and automobiles on its marketplace.
These companies have also done layoffs on a large scale
With the announcement of this retrenchment, OLX has now joined the list of big companies like Alphabet-owned Google (Google), Microsoft (Microsoft), Amazon (Amazon), Meta, SAP and Philips, which have laid off thousands of jobs in recent times. People have been thrown out of work. Every company has blamed the economic crisis behind the retrenchment.
read this also
Boeing-747: Queen of the sky is going to say goodbye, know what was special in this plane