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Ola Electric to Cut More Than 1,000 Jobs to Pare Losses
Hindustan Times Rajasthan
|March 04, 2025
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.
Denne historien er fra March 04, 2025-utgaven av Hindustan Times Rajasthan.
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