OLX rejects final versions, but applies 50 layoffs in the country

The business of buying and selling through networked platforms in Argentina has a rival competitor, Mercado Libre, another unicorn Creole owned by Marcos Galperín, another entrepreneur who usually receives the praises of Macri.

OLX has now laid off 50 people and will badyze the benefits of continuing or not to operate in Argentina, a small market compared to other countries and largely dominated by Mercado Libre. A week ago, the towel of this sector tossed that of the clbadified ads of alaMaula, belonging to eBay, which will stop working in the country from April 4, but will continue in the rest of the world.

The group says OLX says it has more than 330 million monthly users worldwide. It also states that "thanks to its 17 brands, among which Avito, dubizzle, Letgo and OLX, more than 15 million items are traded each month on their platforms".

OLX, which claims to be "a leader in the world of online clbadifieds for emerging markets," said that, in view of the possible closure of activities in Argentina, he confirmed his intention to "continue his activities in Argentina and the rest of Latin America "He also said that he had" a team of more than 250 people locally and more than 400 in Latin America ".

To attest to his remarks, OLX pointed out that in November 2018 he had purchased Properati, a platform for the sale and rental of real estate. Oxenford actively participated in the presentation of this purchase. It was his last public appearance as an OLX leader. On December 18, he left the company with other board members and focused on Letgo, an application for buying and selling second-hand products. His departure took place just before the restructuring of the company in the country, which includes the aforementioned dismissals.