News: Chinese Cab company Didi to lay off 2000 employees

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Chinese Cab company Didi to lay off 2000 employees

The CEO announced that the company will scale back its non-core businesses and step up investments in key areas, including safety technology, product engineering, offline driver management and international operations.
Chinese Cab company Didi to lay off 2000 employees

Beijing-based cab hailing company Didi Chuxing will lay off 15% of its staff this year, or about 2,000 employees, suggests media report

Chief Executive Officer of the company, Cheng Wei announced that the company will scale back its non-core businesses and step up investments in key areas, including safety technology, product engineering, offline driver management and international operations.

The media reports did not highlight which of Didi’s business units will be affected by the layoff but mentioned that the company is also planning to add 2,500 new hires by the end of the year to work on company priorities, which will give the company a total headcount of about 13,000 staff around the world.

It can also be recalled that last week Didi Chuxing, which is currently valued at $56 Bn, has made $100 Mn investment in OYO, thereby bringing OYO’s $1 Bn financing round to a close.

The Chinese giant has also invested in Indian cab aggregator Ola in the year 2015. 

 

 

Image Courtesy- HT 

Topics: Jobs, Employee Relations

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