Breaking news: Ola Cabs CEO Hemant Bakshi has reportedly resigned, hardly four months after taking up the post. Multiple media reports also state that Ola is likely to lay off over 10 per cent of its employees as a part of company restructuring.
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Hemant Bakshi joined the ride-hailing firm in January. The firm is undertaking a restructuring exercise that could result in at least 10 per cent job cuts.
Ride-hailing platform Ola Cabs CEO, Hemant Bakshi, has stepped down from his position, just four months after taking the job, the company said on Monday.The company informed about the development in a letter to employees shared by Ola's founder .