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Updated: Ola confirms that it is shutting down TaxiForSure

Update: Ola said in a statement that TaxiForSure's assets and operations will be fully merged with OlaCabs platform, and will be integrated with Ola Micro service. "...TaxiForSure...has been seamlessly integrated onto the Ola platform with the launch and rapid adoption of Ola Micro. TFS has contributed immensely towards Ola Micro’s success within a short span of time," added the statement.  All TaxiForSure drivers and driver-partners are now integrated into Ola app, while the company said the integration process has been going for the past 18 months. Regarding lay-offs: "In the course of the integration (with Ola), we have absorbed as many TFS employees for open roles in Ola to support our growth. For positions that cease to exist as a result of this transition, we are offering enhanced severance benefits and outplacement services to help affected employees pursue new career opportunities," the statement added. The entire statement from Ola has been attached below the story. Earlier: After acquiring Bangalore-based TaxiForSure (TFS) for a reported $200 million in March 2015, Ola is shutting down TFS unit and will be laying-off almost 1,000 emloyees, reports TechCircle.  SoftBank-backed OlaCabs will lay off 90% of the workforce in TFS across its call centers, driver relations, and business development units, added the report. Some employees will receive a 3 months’ severance pay as compensation, while some are being shifted to other cities or units. A spokesperson from Ola confirmed with MediaNama that TFS is laying off employees, while the person did not comment on exact…

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