NEW DELHI: Ola COO and global CMO Arun Srinivas has reportedly stepped down from his position. He had joined the company last year. There are reports that senior VP corporate affairs Sanjiv Reddy has also resigned.

Prior to joining to Ola, Srinivas was with West Bridge Capital Partners for two years and before that he had spent more than a decade at Unilever. He began his career with Reebok India in 1996.

The news has come at a point in time when the cab-hailing service has been witnessing revenue loss due to the pandemic.

In May 2020, the company reportedly announced a lay off employees due to the Covid2019 crisis. As per sources, both of them will be pursuing other opportunities post their exit from the organisation.