In response to reports of the sacking of over 300 employees, Pathao has said we have introduced changes across all major business lines, leading to significant organizational restructuring and cost optimizations.
One of the most popular ridesharing firms in Bangladesh, the media reports about Pathao cutting the jobs surfaced in the beginning of this week.
Those who lost jobs included top officials of different Pathao departments, according to the reports..
Several people related to the sector said the company had to squeeze its manpower as it failed to secure a possible foreign fund in time.
The company is also planning to prioritise ridesharing but halt some of its other services
Besides its ridesharing service for motorbike users, which gained popularity in traffic congestion-hit Dhaka, the firm provides ride-hailing service of cars, courier service and food delivery service.
In a statement sent through an agency on Wednesday afternoon, Pathao said it was entering “the next phase of evolution as the largest on-demand platform in Bangladesh” and their “new comprehensive strategy” will “strengthen the core businesses with an increased focus on efficiency”.
“Accordingly, we have introduced changes across all major business lines, leading to significant organisational restructuring and cost optimisations,” it said.
Full statement: Pathao is entering the next phase of evolution as the largest on-demand platform in Bangladesh. Our new comprehensive strategy towards moving Bangladesh will strengthen the core businesses with an increased focus on efficiency. Accordingly, we have introduced changes across all major business lines, leading to significant organizational restructuring and cost optimizations.
Pathao is preparing for a future where our services are more accessible, customer-centric and reliant on technology. We are hopeful that this new path will help us stay ahead of changing market conditions and ensure the company’s long-term success.