{
Ola Electric Mobility Ltd.

Companies

}
001122334455554433221100
001122334455554433221100

Ola Electric plans significant layoffs amid rising financial losses and challenges

Ola Electric Mobility Ltd plans to lay off over 1,000 employees and contract workers to address rising losses, affecting various departments. This follows a previous round of layoffs in November 2023 and comes as the company faces financial challenges and increased competition, with its stock falling over 60% since its IPO. Despite selling over 25,000 electric scooters in February, the company is struggling to meet its sales targets and has lost market leadership in key regions.
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Ola Electric Mobility Ltd. Bajaj Auto Ltd. Provident Fund SoftBank Group Corp. IND Bhavish Aggarwal Show more
Business & Industry, News Article
06:14 04.03.2025
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