India’s largest mobility platform and one of the world’s largest ride-hailing companies, Ola may lay off around 400-500 employees to drive cost-efficiency.
The layoffs have been in results as in April 2022, Ola Dash scaled down its operations from 9 cities to 3 cities and dismissed over 2,100 contract workers. In June 2022, it shut down Ola Dash in all cities.
According to reports, the layoffs are taking place across departments, due to a challenging funding environment and a delay in listing plans for the firm.
Recently, the SoftBank-backed mobility platform, shut down its used car business Ola Cars and quick commerce business Ola Dash to focus on its electric vehicle manufacturing business.
According to media sources, the senior managers of the Company have been asked to make a list of employees who can be asked to leave.
In November 2021, Ola Store returned with quick delivery of groceries and essentials, starting with a pilot launch in Bangalore. By January 2022, Ola set up 200 dark stores across 9 cities and rebranded the service as Ola Dash.
The company currently has a 5000 employee base. In 2020, it had laid off around 1,400 employees from its food, rides, and financial services verticals due to the COVID pandemic.
The company is serving 250+ cities across India, Australia, New Zealand, and the UK. The company app offers mobility solutions by connecting customers to drivers and a wide range of vehicles across bikes, auto-rickshaws, metered taxis, and cabs, enabling convenience and transparency for hundreds of millions of consumers and over 1.5 million driver-partners.
Ola’s core mobility offering in India is supplemented by its electric-vehicle arm, Ola Electric; India’s largest fleet management business, Ola Fleet Technologies and Ola Skilling aims to enable millions of livelihood opportunities for India’s youth.
