After only four months, Hemant Bakshi, the CEO of ANI Technologies’ ride-hailing platform Ola Cabs, has resigned from his role. This decision is made in the midst of rumors that the corporation is about to embark on a restructuring exercise that, according to a Moneycontrol report, will affect at least 10% of the workforce.
Bakshi has resigned, effective immediately. His employment began in January.
“With this restructuring, certain roles within the organisation will be rendered redundant and could impact as much as 10 percent of the workforce,” according to the report.
“With this restructuring, certain roles within the organisation will be rendered redundant and could impact as much as 10 percent of the workforce,” as mentioned in the report. “Ola Cabs’ CEO Hemant Bakshi would be moving out of Ola to pursue interests and opportunities outside of the company… (Bhavesh) Aggarwal will be looking after day-to-day operations and there will be a new appointment soon,” a source informed Moneycontrol. In a recent move, Ola Cabs decided to close down its international operations in certain countries. This decision was influenced by increased competition, government targets for fleet electrification, and the company’s strategic focus on the Indian market. Have news to share? Write to us atnewsteam@afaqs.com Ola cabs Hemant Bakshi
