Ola Layoffs
September 2022
Ola announced a layoff affecting 200 employees in September 2022. The company operates in the Transportation sector.
200
Sep 19, 2022
Company Information
- Industry
- Transportation
- Country
- IN
- Region
- Bengaluru, Non-U.S.
About
Ola, the Indian mobility startup, has laid off 200 software engineers as part of a major restructuring plan to centralize operations and minimize role redundancy. This reduction affects about 10% of its engineering workforce, which totals over 2,000 roles across various streams like vehicle, battery, and autonomous engineering. The layoffs, occurring in 2022, come amid challenges including declining sales for Ola Electric scooters and previous shutdowns of ventures like Ola Cars and Ola Dash, which had already led to around 1,000 job cuts. Despite this, the company plans to hire 3,000 more engineers soon, focusing on its electric vehicle ambitions, including scooters and upcoming cars, as it navigates a competitive travel tech industry.
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support@layoffs.nlCompany Information
- Industry
- Transportation
- Country
- IN
- Region
- Bengaluru, Non-U.S.