Ola lays off 700 employees, shuts TaxiForSure: Reports
According to reports, ride-hailing company Ola has laid off about 700 employees and has shut down its TaxiForSure unit. The cost reduction following these layoffs is claimed to be around ₹30 crore a month. Ola had acquired TaxiForSure in 2015 for $200 million and has been integrating TaxiForSure offerings into its own app since then.