Online classifieds platform OLX laying off 15% of its global workforce

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Online classifieds platform OLX is reportedly laying off 15% of its global workforce, which is expected to impact about 1,500 employees.

According to its website, the Prosus-owned company employs over 10,000 people worldwide, with offices in India, Bulgaria, South Africa, Poland, and Ukraine, among other places. However, it is unclear how many employees will be affected by the layoffs in India. Financial Express reported on the development. OLX did not respond immediately to Inc42’s request for comment. When the company responds, the story will be updated. A company spokesperson confirmed the news to Financial Express, saying that OLX would be reducing its workforce across all countries, business units, and job functions.

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Online classifieds platform OLX laying off 15% of its global workforce

Online classifieds platform OLX is reportedly laying off 15% of its global workforce, which is expected to impact about 1,500 employees.

According to its website, the Prosus-owned company employs over 10,000 people worldwide, with offices in India, Bulgaria, South Africa, Poland, and Ukraine, among other places. However, it is unclear how many employees will be affected by the layoffs in India. Financial Express reported on the development. OLX did not respond immediately to Inc42’s request for comment. When the company responds, the story will be updated. A company spokesperson confirmed the news to Financial Express, saying that OLX would be reducing its workforce across all countries, business units, and job functions.

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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