Ola Electric plans to cut headcount; lay off around 500 in its road to profitability: Report

Ola Electric plans to cut headcount; lay off around 500 in its road to profitability: Report ..

Ola Electric layoffs: A section of the impacted employees may be replaced with new hirings at a relatively cheaper cost, but the overall headcount is expected to shrink..

Ola Electric is planning to reduce headcount by around 500, said a report ..

Ola Electric is planning to lay off around 400-500 people across the organisation in the coming weeks, as it wants to reign in operating costs ahead of the initial public offering (IPO), as per a report..

For the first quarter of FY24, Ola Electric reported a net loss of Rs 267 crore on operating revenue of Rs 1,243 crore..