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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

Ola
Ola

India’slargesttaxi-hailingcompanyOlawilllayoff500peopleasitcutcoststofendoffglobalrivalUber.Thelayoffswillaffectcontractstaffandrolesthathavebecomeredundant.OlashuttheTaxiForSurebusinessinthefirstweekofAugust,layingoff700peopleinthecompanyithadacquiredlastyearfor$200million. “Thesewereorganisationaldecisions,keepinginmindtheinterestsofemployeesandbusinessefficiencies,”anOlaspokespersonsaid.  Thecompanyis,however,hiringnewstaffforitstechnologyteam.“Wecontinueto ...