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Ola layoff: Ola will not layoff 200 engineers as deliberate

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Ola layoff: Ola will not layoff 200 engineers as deliberate

2022-09-23 05:20:17

Trip-hailing firm Ola has determined to not layoff the 200 engineers the corporate was earlier planning to let go, in response to sources within the know. In September stories emerged about these 200 engineers being fired throughout its ride-hailing and fintech companies in a recent spherical of layoffs.
Workers had been knowledgeable in regards to the change within the plan at a townhall assembly helmed by among the firm’s senior tech leaders.

Additionally learn:
Ola Electrical to foray into worldwide markets beginning with Nepal

The layoffs would have constituted 10% of the corporate’s engineering workforce. The Bengaluru-based agency mentioned on the time that it enhance its engineering headcount to greater than 5,000 within the subsequent 18 months because it doubles down on cell manufacturing, a 4 wheeler undertaking, and different efforts associated to EVs and mobility.
Ola is but to reply to queries despatched by ET.

Newspaper Deccan Herald was the primary to interrupt the story in regards to the firm’s newest choice.

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Ola had already laid off over 1,000 workers as the corporate shut a number of different companies like used automotive market, meals and grocery supply. The uncertainty throughout the agency comes at a time when late stage startups are struggling to lift amid world macroeconomic headwinds.

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