After closing Taxi For
Sure business Ola has fired 250 to 300 employees. This came down due to
non-performance of the employees as stated by Company Spokesperson. As per
report from Economic Times Ola has cited reasons for layoff as Performance across
segments.
Here is the exact Quote
from Ola Spokesperson -
“An annual attrition of three
to four percent is a natural churn that is witnessed in the current industry
scenario. This includes performance driven exits, contract roles as well as a
few surfacing from constant business realignment. These have been well
thought through organisational decisions, keeping in mind the best
interests of employees and business efficiencies. At the same time, we
continue to hire the best of talent from across the country with over 300 open
positions currently, to strengthen our 6,000+ strong team in 102 cities,
pan-India.”
This is clearly due to
rising of rival Uber in Indian market. Uber is aggressively competing with Ola
and has enough money however Ola like any-other e-commerce companies, is
struggling to raise further rounds of investment.
Our Views on Layoff
We think firing
are not in accordance with what Ola claimed i.e. If you are firing an employee
with tag of non-performer then you are risking his/her career further. In first place itself you made a
mistake to hire them if they are declared under-performer with in a span of one year or two, they could have been given different tasks and could have been absorbed in different teams, or better they would have been silently fired without tagging them as Under Performer. You are hiring first since you
had huge fund and now firing since you don’t have money and blaming their
performance is not at all good.
Not Ola, recently
Flipkart has also fired, Snapdeal, TinyOwel, Groffers, Roadrunner, Zomato
almost all the Indian Startups which could not raise further round of funding shown the real face. Indian private sector
took so much of time to establish, people got confidence in private sector
after much anticipation, it needs strong ground of ethics to keep intact.
Events like these downs the moral of your generations, people already working
in organization and other sectors to take risk to join and innovate.
