Ola Cabs CEO Hemant Bakshi resigns, leading to restructuring and potential 10% job cuts.

Ola Cabs CEO Hemant Bakshi has resigned, leading the ride-hailing company to plan a restructuring that may result in a 10% job reduction. Bakshi joined the company in January to manage day-to-day operations. Ola Cabs is considering an initial public offering (IPO) and has recently ceased its international operations in the UK, Australia, and New Zealand to focus on its Indian market.

April 29, 2024
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