Ola to let go of 1,000 employees; hiring aggressively for EV biz: Report

As Ola ramps up its hiring for the electric mobility biz, the urban mobility firm is in the process of firing nearly 1,000 employees, a report said

As Ola ramps up its hiring for the electric mobility business, the urban mobility firm is in the process of firing nearly 1,000 employees, The Economic Times reported on Friday quoting company insiders and recruitment agencies.

An earlier report by the newspaper had stated that the firm was laying off around 400-500 employees, while the annual appraisals for many staff were yet to be formalised. 

However, the final figure for retrenchment can now touch about 1,000, reported ET. 

Ola's restructuring exercise, which is expected to go on for a few more weeks, is taking place in a bid to shift