👩🍳 How we use AI at Tech in Asia, thoughtfully and responsibly.
🧔♂️ A friendly human may check it before it goes live. More news here
🧔♂️ A friendly human may check it before it goes live. More news here
Ola Electric to cut over 1,000 jobs
Ola Electric is laying off over 1,000 employees across various departments to address rising losses and enhance operational efficiency, according to sources familiar with the matter.
The layoffs include teams from procurement, fulfillment, customer relations, and charging infrastructure.
This latest round of cuts follows a previous layoff in November 2024, which resulted in around 500 dismissals.
In response to inquiries, an Ola spokesperson said that the company is restructuring and automating customer-facing operations to improve productivity and reduce costs.
Recent Ola Electric developments
| Timeline |
|---|
28-Feb-2025 📦 Ola Electric shuts down warehouses to cut costs
|
11-Feb-2025 📉 Ola Electric shares drop 4% as Q3 loss widens
|
01-Feb-2025 ⚡ Ola Electric shares rise after Gen 3 scooter launch
|
10-Jan-2025 📉 Ola Electric shares dip amid sell-off, regulatory issues
|
28-Dec-2024 🔧 Ola Electric execs resign amid rising consumer complaints
|
Stay updated on the go with our mobile app.
Get latest insights with smoother, more personalized experience through TIA mobile app.




