Wednesday, February 8, 2023
HomeBusinessOla To layoff: Ola preparing to lay off 1,000 people

Ola To layoff: Ola preparing to lay off 1,000 people

Ola To layoff: App-based travel aggregator company Ola is preparing to lay off 1,000 of its existing employees. Earlier it was reported that the company is considering firing 400 to 500 people. But according to media reports, now about 1,000 people can be fired. The employees who have to be fired from the job have been asked by the company to resign themselves.

At the same time, many employees are still waiting for the annual salary hike. The company is waiting for the resignation of the employees who are to be fired, due to which this year’s increment is still on hold. The work of restructuring is going on in Ola which may continue for now. On one hand the company is going to fire 1,000 employees, while on the other hand it is busy in hiring people for its electric mobility business. The company’s major focus is now on the electric mobility business.

Ola is hiring people for mobility, hyperlocal, fintech and used car businesses. Ola is in the process of manufacturing Lithium-ion battery cells and electric cars. The company is planning to hire 800 new people for car manufacturing and cell development. The company is working on a plan to hire more people than it is firing.

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However, in recent times, a large number of startup companies have fired people. Earlier, edtech companies of the country have also continuously laid off their employees. In which online learning services firm Byju’s has fired a large number of people from its different group companies. These employees included employees working from full-time to contract.

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