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3rd March 2025, 15:50
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Ola Electric to layoff implicit 1,000 employees to curb losses
According to a media report, Ola Electric is apt to laic disconnected much than 1,000 of its employees and declaration workers, arsenic the electrical 2-wheeler shaper grapples with rising losses.
It is said that Ola is apt to trim its workforce successful aggregate departments, including procurement, fulfillment, lawsuit relations and charging infrastructure. This is the 2nd circular of layoffs astatine the institution aft astir 500 employees were laid disconnected successful November past year.
Ola Electric is besides revamping its logistics and transportation operations by reducing its sales, work and warehouse workforce.
An Ola Electric spokesperson said, ?We person restructured and automated our front-end operations delivering improved margins, reduced cost, and enhanced lawsuit acquisition portion eliminating redundant roles for amended productivity.?
Source: Bloomberg
Last edited by TusharK : 3rd March 2025 astatine 15:55.
