A big reshuffle happening in Ola! The company is preparing to lay off thousands of employees, now the focus is on this business indian startup ola (OLA) is cutting costs to scale up its electric mobility business. For this, ola is in the process of firing about 1,000 employees from its other segment.
Startup company ola (OLA) is cutting expenses to increase its electric mobility business. For this, ola is in the process of laying off around 1,000 employees from its other segment. However, the company has called it a 'reshuffle' process instead of 'coast-cutting'.
According to a report in Economic Times, company sources and recruitment agencies said that urban mobility firm ola is in the process of laying off around 1,000 employees for its electric mobility business. The company has started giving pink slips to many of its employees.
ET quoted sources as saying that ola has asked its employees to resign on their own. According to sources, "the company is delaying the evaluation process of many such employees, whom the company wants to sack so that they resign." The company is now looking to focus entirely on the electric mobility business. For this, the hiring of employees is going on at a large level.
The hiring is ongoing for the mobility, hyperlocal, fintech, and ola electric verticals. "Ola Electric is planning to recruit around 800 people for the development of electric cars and SAIL," the sources said.
Ola Electric has signed an agreement with the Ministry of Heavy industries under the PLI scheme to manufacture battery cells locally in India. The two sides signed the agreement on 28 July. ola Electric is the only indian EV company selected by the government under its ambitious ₹80,000-crore SAIL PLI plan, having received a maximum capacity of 20 GW for its bid in March.
