OLX Group is downsizing its Indonesia office and has put its automotive business on the market for sale, according to several sources aware of the matter.
Some 300 out of 1,000 staff members have been affected by the layoffs, which will see OLX Indonesia roll back its consumer to business (C2B) and business to business (B2B) auto units while leaving it with a much smaller business to consumer (B2C) operation in the country.
