In a fresh round of layoffs, cab aggregator and electric two-wheeler manufacturer, Ola has handed over pink slips to 200 of its staff from its 2,000-strong engineering workforce. Most of these staff were working on developing different aspects of apps. The company termed the move as “a restructuring exercise” to minimise redundancy.
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In a statement on Monday, the company said, “Ola Electric has been increasing its focus on non-software engineering domains with a clear focus on building engineering and R&D capabilities across — vehicle, cell, battery, manufacturing and automation, autonomous engineering streams and others.”
“In light of these efforts, the company is centralising operations and is undertaking a restructuring exercise to minimise redundancy and build a strong lateral structure that strengthens relevant roles and functions.”
The Bhavish Aggarwal-led company had earlier laid off around 1,000 employees due to the closure of its pre-owned car business Ola Cars and quick commerce unit Ola Dash. Apart from Ola, many other start-ups, mainly in the edtech sector, have been laying off staff since early this year as funding has dried up.
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Ola said it is looking to increase its engineering talent pool to 5,000 over the next 18 months and therefore certain redundancies need to be minimised. FE
