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Olx Group cuts 800 jobs as it shuts down some markets

Olx Group, the online marketplace and classifieds business arm of Prosus, has cut around 800 jobs globally. Today’s move comes as the company started to close operations of its automotive business unit Olx Autos in some markets after long exploring potential buyers and investors, TechCrunch learned and as confirmed by the company.
The Amsterdam-headquartered company, which is operating in over 30 countries around the world, recently started informing the affected employees about the layoffs. They are not limited to a particular market or division, people familiar with the matter told Tec

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