Ola company is preparing to lay off hundreds of its employees. This decision is likely to be taken before Diwali. Let us know the exact reason behind this.
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Olashi is a leader in the taxi business (Hailstone) According to media reports, a big news has come out regarding the reduction of staff. (reduction in staff) Its effect will also be seen on Ola company. It is being said that the company may lay off 500 employees working in its software team. Let us know what is the reason behind the company taking this big step.
According to reports, the main reason behind the layoffs is the declining sales of the recently launched Ola S1 Pro electric scooter. According to sources, Ola is preparing to lay off around 500 employees from its software team.
what the company has to say
In this regard, an Ola spokesperson said that Ola Electric is India’s largest EV company and the company’s focus is on Sales, Vehicle, Battery Automation, Manufacturing and Autonomous Engineering. Apart from this, the company is also focusing on non-software engineering domain.
Ola currently has 2,000 engineers and the company aims to increase its engineering workforce to 5,000 in the next 18 months.
Many big people left the company
Several high-level executives, led by the company’s CEO Bhavish Agarwal, have exited the company over the past two years.
The company had earlier laid off around 2,000 employees from its pre-owned car business Ola Cars and the company’s accelerated commerce business Ola Dash. Ola, which initially outperformed its competitors, doesn’t seem to have made much progress in the electric bike space.
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