Ola: The company has laid off approximately 500 employees based on performance in various departments, and it has limited its operations. Ola has set its future goals on powering the Ola Electric platform and is cutting jobs for the year while halting employee performance appraisals. Ola has laid off about 500 employees based on performance in various departments and limited their operations due to ongoing funding issues.

Ola laid off nearly 500 employees

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Ola has set its future goals on powering the Ola Electric platform, and the company is cutting jobs for the year and halting employee performance appraisals. Ola has laid off about 500 employees based on performance in various departments and has limited their operations due to ongoing funding issues. Ola had delayed their IPO plans to expand further abroad.

Ola laid off nearly 500 employees due to funding issues

The company also recently closed its auto business – Ola Cars, which was almost a year old but could not get much revenue and business. “Ola has reassessed its priorities and Ola Dash – has decided to close its fast commercial business. Ola will restructure its Ola car business to focus more on strengthening the go-to-market strategy for Ola Electric,” the company said. A statement.

Ola Electric Business

Ola’s most promising electric two-wheeler business is facing a government investigation into the battery fire. Leading EV fires have reduced sales to 130–200 units and could affect Ola’s target of selling 1 million scooters a year. Ola’s ride-hailing business currently has 1,100 employees, competing directly with Uber. The company has closed Ola Cafe, Food Panda, Ola Foods and Ola Dash.

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