OLX to lay off of 250 people in India

OLX to lay off of 250 people in India,

OLX, which entered India in 2009, "deeply invested" in the India market and is committed to evolving and investing locally to continue to provide "the best experience" for its customers.

In India, the used goods marketplace claims to have 85 percent market share of the consumer-to-consumer online trade, 80 percent of the pre-owned cars market share via OLX Auto & OLX CashMyCar while OLX People has emerged as a leading blue a grey collar jobs recruitment marketplace in India.

OLXis shifting its strategy and focusing on key segments where it can offer more services and convenience.

 A unit of the Netherlands-headquartered global consumer internet group Prosus, the OLX Group employs over 7,500 people globally, as per the company's website.

OLX has decided to make a few internal alignments last week that has impacted around 250 of employees in sales and support teams.”

 OLX took  the extraordinarily difficult decision to lay off of 250 people in India, the company’s priority is to ensure this process is handled thoughtfully and respectfully towards them.