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Ola Electric to Cut More Than 1,000 Jobs to Pare Losses
March 04, 2025
|Hindustan Times Pune
Ola Electric Mobility Ltd. is laying off over a thousand employees and contract workers, people familiar with the matter said, as one of India's top scooter-makers races to pare ballooning losses.
The cuts at the SoftBank Group Corp.-backed firm span multiple departments, including procurement, fulfillment, customer relations, and charging infrastructure, the people said, asking not to be identified as the information is private.
It's the second round of layoffs in under five months as the Bhavish Aggarwal-led company, which just listed last August, battles crises on several fronts. It posted a 50% surge in losses for the December quarter and has been censured by India's market regulator and consumer protection authority in recent months.
هذه القصة من طبعة March 04, 2025 من Hindustan Times Pune.
اشترك في Magzter GOLD للوصول إلى آلاف القصص المتميزة المنسقة، وأكثر من 9000 مجلة وصحيفة.
هل أنت مشترك بالفعل؟ تسجيل الدخول
المزيد من القصص من Hindustan Times Pune
Hindustan Times Pune
Swipe left on marriage mistakes: Relationship coach on the ways couples self-destruct
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Cloud-capped star, auteur of Partition
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Auto driver shot dead in Kondhwa ; police suspect gang rivalry
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BLOs on Bengal SIR duty demand security
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PAKISTAN CLAIMS INDIA WANTS TO KEEP IT ENGAGED ON TWO FRONTS
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1 min
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Hindustan Times Pune
Read Nehru-Patel letters on J&K, Kharge tells PM
Congress chief Mallikarjun Kharge countered Prime Minister Narendra Modi on Saturday over his claim that Jawaharlal Nehru was not in favour of Kashmir’s accession to India and challenged him to read the correspondence between Nehru and Sardar Vallabhbhai Patel on the issue, and review the Constituent ‘Assembly discussions of the time.
1 min
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Hindustan Times Pune
Booth-level staff in Bengal seek central security for SIR
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1 min
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Hindustan Times Pune
This Paresh Rawal starrer takes on a monumental topic, but forgets to keep you engaged
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1 mins
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Hindustan Times Pune
19-YR-OLD FROM U.P. KILLED IN GOA OVER ATTEMPT TO STEAL RENTED THAR
A tourist from Uttar Pradesh was allegedly murdered by a 31-year-old man in Goa for attempting to steal an SUV he had rented from the accused, police said on Saturday, adding that the accused has been arrested.
1 min
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Hindustan Times Pune
Smooth criminal
White suits, slicked-back hair, posh parties... and those endearingly silly one-liners - there really hasn't been another villain like Ajit
3 mins
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