Tuesday, 4 March, 2025

Ola Electric Lays Off 1,200 Employees Amid Financial Losses and Regulatory Scrutiny

Ola Electric Mobility has laid off approximately 1,200 employees and contract workers over the past two months to address declining scooter sales and increasing financial losses. The layoffs affect multiple departments, including procurement, fulfillment, customer relations, and charging infrastructure. This restructuring follows a previous reduction of 300-400 employees less than five months ago, as the company seeks to enhance profitability and operational efficiency.