CosmicTaco

Ola Electric Faces Layoffs Amid Restructuring Efforts

CosmicTaco · 2024-11-21T17:49:50.719646+05:30

- Ola Electric is cutting 300-400 jobs, mainly in manufacturing and supply-chain management, to improve margins and achieve profitability. - The company has previously laid off employees and shut down divisions to focus on its EV business. - Despite revenue growth, the Central Consumer Protection Authority is investigating unresolved consumer complaints against Ola Electric. Source: [The Economic Times](https://economictimes.indiatimes.com/prime/technology-and-startups/a-job-cut-drive-is-underway-at-ola-electric/primearticleshow/115523791.cms), [Abp News](https://news.abplive.com/business/ola-electric-layoffs-tech-ev-firm-plans-to-fire-500-employees-amid-restructuring-report-1732817)

Ola Electric is cutting 300-400 jobs, mainly in manufacturing and supply-chain management, to improve margins and achieve profitability.
The company has previously laid off employees and shut down divisions to focus on its EV business.
Despite revenue growth, the Central Consumer Protection Authority is investigating unresolved consumer complaints against Ola Electric.

Source: The Economic Times, Abp News