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Ola Electric to Lay Off More Than 1,000 Employees as Part of Cost-Cutting Measure
The New Indian Express Kottayam
|March 04, 2025
ELECTRIC two-wheeler manufacturer Ola Electric is laying off over a thousand employees and contract workers as part of a cost-cutting measure to address mounting losses.
ELECTRIC two-wheeler manufacturer Ola Electric is laying off over a thousand employees and contract workers as part of a cost-cutting measure to address mounting losses. According to Bloomberg, the layoffs are part of a broader restructuring effort aimed at optimizing operations and steering the company toward profitability.
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