Tag: ola restructuring

Ola to lay off 1,400 employees as pandemic dries up revenues

Indian unicorns are now struggling to keep their businesses afloat. Layoffs and salary cuts have now become a daily news from these new-age startups. Joining the likes of Swiggy, Zomato, and Uber, ride-hailing Indian unicorn Ola has decided to lay off staff. In a company blog post written by the CEO Bhavish Aggarwal, it was…

Ola restructuring to impact 250 roles

Ola, the leading ride hailing company, is looking at an IPO in next 18-24 months. The company has been focusing on profitability prior to its IPO. It is learnt that the company has initiated a restructuring exercise. As per a PTI report citing a company spokesperson – the restructuring is aimed at becoming “more nimble…