At least 250 executives were sacked by the Bengaluru based private cab aggregator Ola last month over non performance issues, an official said today.
The official also said the company will hire over 300 employees to strengthen its team of over 6,000 people across the 102 cities in which it operates.
"An annual attrition of three to four per cent is a natural churn witnessed in the current industry scenario. This includes performance driven exits, contract roles as well as a few surfacing from constant business realignment," the official told IANS.
"These have been well thought through organisational decisions, keeping in mind the best interests of employees and business efficiencies," the official added.
The company a month earlier sacked over 700 TaxiforSure service employees.
(With IANS inputs)