Ola undertakes major restructuring, downsizes staff ahead of its IPO

Ola undertakes major restructuring, downsizes staff ahead of its IPO

Photo: Reuters

SoftBank-backed Indian ride-hailing major Ola is in the middle of a restructuring process ahead of its proposed initial public offering (IPO), which will see it downsize the overall staff strength by 5-8 per cent, confirmed a company’s spokesperson.

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