Ola Cuts Jobs
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Ola Electric Said to Cut Over a Thousand Jobs to Stem Losses
Ola Electric Mobility is laying off over a thousand employees and contract workers,, people with knowledge in the matter have told the media. The cuts at the SoftBank Group-backed firm, span multiple departments, including procurement, fulfillment, customer relations and charging infrastructure, the people said, asking not to be identified as the i...
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Bhavish Aggarwal's Ola To Cut 1,000 Jobs. 500 Were Laid Off In November
The current round of layoffs amounts to over a quarter of Ola's 4,000 employee size as of March 2024 but includes contract workers that aren't counted in the company's public disclosures.
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Ola Cabs CEO Hemant Bakshi Quits, Firm Plans To Cut 10% Jobs
Ride-hailing platform Ola Cabs CEO, Hemant Bakshi, has resigned from his position just four months after taking the job, according to sources.
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Ola to Cut 10 Percent Engineering Jobs Across Ride-Hailing, Electric Vehicle Manufacturing Businesses: Details
Ola on Monday announced that it would cut around 200 engineering jobs as part of its efforts to centralising operations to build a structure to strengthen relevant roles and functions. The company, which said it is focussed on being a "vertically integrated mobility" company, plans to increase the number of engineers from 2,000 to 5,000 over the ne...
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Ola Plans To Cut About 200 Engineering Jobs
Ola will cut about 200 engineering jobs to reduce redundancy across its two main businesses of ride-hailing and electric vehicle manufacturing, the SoftBank Group-backed company said on Monday.
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SoftBank-Backed Ride-Hailing Firm Grab Announces Layoffs
Southeast Asian ride-hailing and payments firm Grab announced hundreds of job losses on Tuesday due to the impact of novel coronavirus.
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How Ola, Uber, Other Ride-Hailers Around the World Are Coping With the Pandemic
Battered by lockdowns and movement restrictions in the coronavirus pandemic, ride-hailers around the world are cutting jobs and pay, and slashing other costs.
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COVID-19 Tech Job Losses Over 10,000 Now, Show No Sign of Slowing
A huge number of tech companies are cutting staff or shutting shop. The losses continue to mount with thousands of people out of jobs.
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Coronavirus Lockdown: Ola Lays Off 1,400 Employees
In a major downsizing operation approximately 25 per cent of total Ola workforce has been asked to leave.
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Uber Lays Off 600 Employees in India a Week After Ola Downsized Its Workforce
Uber is laying off 600 employees in India as a part of the company’s recent announced global job cuts. This comes a week after Ola laid off about 1,400 employees in the country.
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"Our Revenue Has Come Down 95% Over Past 2 Months": Ola CEO To Employees
Ride-hailing service provider Ola on Wednesday announced that it will lay off 1,400 of its staff amid COVID-19 pandemic.
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Ola To Lay Off 1,400 Staff, CEO Says Pandemic Hit Revenues
Cab aggregator Ola said on Wednesday that it will lay off 1,400 staff - which is about 35 per cent of its workforce - in a one-time exercise, due to the uncertainty caused by the coronavirus pandemic. COVID-19 has led to a drop of 95 per cent in Ola's revenues in two months, co-founder and CEO Bhavish Aggarwal said in a note to employees that was p...
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Ola Aims To Shed 5-8% Of Staff Ahead Of IPO: Report
Founded in 2011 by Bhavish Aggarwal and Ankit Bhati, Ola currently offers its services over 250 cities in India, the UK, Australia and New Zealand.
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Ola Fires 250 People Citing Non-Performance, Other Issues
Within weeks of firing about 700 employees of its TaxiforSure operations, cab aggregator Ola has now sacked close to 250 people from its own workforce citing non-performance and other issues.
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Job Prospects Not All That Bad Despite Pink Slips: Experts
Reports of layoffs in start-ups and the IT sector notwithstanding, HR experts believe these pink slips are due to a mix of non-performance and margin pressure and the overall outlook is not that bleak, with medium- and high-skilled jobs likely to see continued growth.
-
Ola Electric Said to Cut Over a Thousand Jobs to Stem Losses
Ola Electric Mobility is laying off over a thousand employees and contract workers,, people with knowledge in the matter have told the media. The cuts at the SoftBank Group-backed firm, span multiple departments, including procurement, fulfillment, customer relations and charging infrastructure, the people said, asking not to be identified as the i...
-
Bhavish Aggarwal's Ola To Cut 1,000 Jobs. 500 Were Laid Off In November
The current round of layoffs amounts to over a quarter of Ola's 4,000 employee size as of March 2024 but includes contract workers that aren't counted in the company's public disclosures.
-
Ola Cabs CEO Hemant Bakshi Quits, Firm Plans To Cut 10% Jobs
Ride-hailing platform Ola Cabs CEO, Hemant Bakshi, has resigned from his position just four months after taking the job, according to sources.
-
Ola to Cut 10 Percent Engineering Jobs Across Ride-Hailing, Electric Vehicle Manufacturing Businesses: Details
Ola on Monday announced that it would cut around 200 engineering jobs as part of its efforts to centralising operations to build a structure to strengthen relevant roles and functions. The company, which said it is focussed on being a "vertically integrated mobility" company, plans to increase the number of engineers from 2,000 to 5,000 over the ne...
-
Ola Plans To Cut About 200 Engineering Jobs
Ola will cut about 200 engineering jobs to reduce redundancy across its two main businesses of ride-hailing and electric vehicle manufacturing, the SoftBank Group-backed company said on Monday.
-
SoftBank-Backed Ride-Hailing Firm Grab Announces Layoffs
Southeast Asian ride-hailing and payments firm Grab announced hundreds of job losses on Tuesday due to the impact of novel coronavirus.
-
How Ola, Uber, Other Ride-Hailers Around the World Are Coping With the Pandemic
Battered by lockdowns and movement restrictions in the coronavirus pandemic, ride-hailers around the world are cutting jobs and pay, and slashing other costs.
-
COVID-19 Tech Job Losses Over 10,000 Now, Show No Sign of Slowing
A huge number of tech companies are cutting staff or shutting shop. The losses continue to mount with thousands of people out of jobs.
-
Coronavirus Lockdown: Ola Lays Off 1,400 Employees
In a major downsizing operation approximately 25 per cent of total Ola workforce has been asked to leave.
-
Uber Lays Off 600 Employees in India a Week After Ola Downsized Its Workforce
Uber is laying off 600 employees in India as a part of the company’s recent announced global job cuts. This comes a week after Ola laid off about 1,400 employees in the country.
-
"Our Revenue Has Come Down 95% Over Past 2 Months": Ola CEO To Employees
Ride-hailing service provider Ola on Wednesday announced that it will lay off 1,400 of its staff amid COVID-19 pandemic.
-
Ola To Lay Off 1,400 Staff, CEO Says Pandemic Hit Revenues
Cab aggregator Ola said on Wednesday that it will lay off 1,400 staff - which is about 35 per cent of its workforce - in a one-time exercise, due to the uncertainty caused by the coronavirus pandemic. COVID-19 has led to a drop of 95 per cent in Ola's revenues in two months, co-founder and CEO Bhavish Aggarwal said in a note to employees that was p...
-
Ola Aims To Shed 5-8% Of Staff Ahead Of IPO: Report
Founded in 2011 by Bhavish Aggarwal and Ankit Bhati, Ola currently offers its services over 250 cities in India, the UK, Australia and New Zealand.
-
Ola Fires 250 People Citing Non-Performance, Other Issues
Within weeks of firing about 700 employees of its TaxiforSure operations, cab aggregator Ola has now sacked close to 250 people from its own workforce citing non-performance and other issues.
-
Job Prospects Not All That Bad Despite Pink Slips: Experts
Reports of layoffs in start-ups and the IT sector notwithstanding, HR experts believe these pink slips are due to a mix of non-performance and margin pressure and the overall outlook is not that bleak, with medium- and high-skilled jobs likely to see continued growth.
