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Layoffs at Onmobile as new management seeks profitability

BSE listed Mobile VAS company Onmobile Global is laying off employees in Bangalore, in a bid to become profitable by the end of the financial year (ending 31st March 2015). The new board and management team is narrowing its focus to a few sub-segments of its business, multiple employees have told MediaNama, and it appears that the investor group has taken board and management control of the company. Sources have told MediaNama that between 180 to 200 people have already been fired, including 90-100 people in the back-end team in Bangalore. Another source, however, put the number at below 100. Multiple sources told MediaNama that the plan is to lay off around 600 people in the next few months, in phases, and downsize the company to 1000 people by the end of December 2014. Rajesh Pandey, Global Head of HR and Abhijit Rao, Sr Manager, HR, at Onmobile both declined to comment. OnMobile Global issued a statement to MediaNama stating that the company is "reviewing current businesses and priorities in order to drive increased operational efficiencies. As part of an ongoing business review, the management has identified certain areas where the company can benefit by increasing efficiencies. As a result, we are redeploying resources within the company and eliminating certain redundant positions. This has impacted certain positions and at this juncture, we can confirm that the number of employees impacted is in the double digits. This is a move directed at increasing operational efficiencies and these changes are not specific…

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Written By

Founder @ MediaNama. TED Fellow. Asia21 Fellow @ Asia Society. Co-founder SaveTheInternet.in and Internet Freedom Foundation. Advisory board @ CyberBRICS

MediaNama’s mission is to help build a digital ecosystem which is open, fair, global and competitive.

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