Ofo To Close Down in India: Fires Majority Staff
World’s first station-free bike sharing platform ‘Ofo’ is reportedly closing down its operations in India. The Alibaba-backed Chinese company, therefore, has fired a majority of the staff that was responsible for its India operations.
The company was established in the country last year in the month of November. It had spread its business in various cities of India including Chennai, Indore, Ahmedabad, and Pune. However, the company claimed that Ofo has stopped its operations in all the but in Pune, it has tied up with the Pune Municipal Corporation (PMC) to support the Pune Cycle Plan.
Ofo had promised the employees that they would have a discussion regarding the operational roadmap for the next few years. But, these things never took place and the employees were not even given the ...