Ola Layoffs
July 2022
Ola announced a layoff affecting 1,000 employees in July 2022. The company operates in the Transportation sector.
1,000
Jul 29, 2022
Company Information
- Industry
- Transportation
- Country
- IN
- Region
- Bengaluru, Non-U.S.
About
Indian urban mobility firm Ola is laying off approximately 1,000 employees as part of a major restructuring effort to sharpen its focus on the electric vehicle (EV) sector. The layoffs, ongoing as of late July 2022, affect various verticals including mobility, hyperlocal services, fintech, and used cars. Concurrently, the company is aggressively hiring for its EV business, planning to bring in significantly more talent for initiatives like lithium-ion battery cell manufacturing and electric car development. This shift represents a strategic repurposing of its workforce rather than mere cost-cutting, as Ola pivots away from some of its earlier super app ambitions to concentrate on its core electric mobility future.
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support@layoffs.nlCompany Information
- Industry
- Transportation
- Country
- IN
- Region
- Bengaluru, Non-U.S.