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OLX joins global tech layoffs, to fire 1,500 employees

  • Olx Group, owned by Prosus' internet group Naspers, to lay off 1,500 employees (15% of global workforce) due to slowing demand for its services.
  • According to its website, Prosus-owned corporation has over 10,000 employees worldwide including offices in India, Bulgaria, South Africa, Poland, and Ukraine.
  • A company spokesperson stated that OLX would be cutting staff in all countries, business units, and job functions.
  • However, the number of employees which will be impacted by the layoffs in India is unknown.

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