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Ola to lay off another 500 to save cash for fight with Uber

700 had lost jobs when it shut TaxiForSure in the first week of August

Alnoor Peermohamed & Raghu Krishnan  |  Bengaluru 

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India’s largest taxi-hailing company Ola will lay off 500 people as it cut costs to fend off global rival Uber. The layoffs will affect contract staff and roles that have become redundant.

Ola shut the TaxiForSure business in the first week of August, laying off 700 people in the company it had acquired last year for $200 million. “These were organisational decisions, keeping in mind the interests of employees and business efficiencies,” an Ola spokesperson said. The company is, however, hiring new staff for its technology team. “We continue to hire across ...

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First Published: Sat, September 03 2016. 00:57 IST