Ola fires 200 employees as part of a restructuring exercise
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Bengaluru-based ride-sharing company Ola is the latest to be hit by the layoff bug. Per Inc42, the company has laid off around 200 employees from some of its verticals. Ola is yet to confirm the number of staffers that have been axed. Last year, the SoftBank-backed firm had rescinded its plan to fire employees. Ola's decision to lay off employees is part of a restructuring process.