Online classifieds platform OLX laying off 15% of its global workforce

Online classifieds platform OLX is reportedly laying off 15% of its global workforce, which is expected to impact about 1,500 employees.

According to its website, the Prosus-owned company employs over 10,000 people worldwide, with offices in India, Bulgaria, South Africa, Poland, and Ukraine, among other places. However, it is unclear how many employees will be affected by the layoffs in India. Financial Express reported on the development. OLX did not respond immediately to Inc42’s request for comment. When the company responds, the story will be updated. A company spokesperson confirmed the news to Financial Express, saying that OLX would be reducing its workforce across all countries, business units, and job functions.