Ola lays off 700 employees, shuts down TaxiForSure business
Ola has shut down its TaxiForSure business and has laid off 700 employees, according to three people directly aware of the developments at India's largest cab aggregator. This move comes nearly a year and half after Ola acquired its crosstown rival TaxiForSure for $200 million to gain market leadership against rival Uber, the most-valuable startup in the world.
Other Tech Videos
Amazon's founder Jeff Bezos to step down as CEO, Andy Jassy to take over
WhatsApp Pay was possible because of India's UPI system, a first in the world: Mark Zuckerberg in conversation with Mukesh Ambani
FB-Jio will help digital platforms value creation in India: Mukesh Ambani in conversation with Mark Zuckerberg
Amazon Web Services to invest Rs 20,000 crore in Telangana
Microsoft allows employees to work from home permanently
