Ola Electric Shares Hit All-Time Low Amid Reports Of Mass Layoffs

Shares of Ola Electric tanked over 5% to hit a fresh all-time low of INR 53.71 apiece on the BSE on Monday

This comes amid reports that Ola is looking to axe over a thousand employees and contract workers to contain losses

Ola also plans to let go of front-end sales, service and warehouse staff at its showrooms and service centres as part of the cost-cutting exercise

Shares of Ola Electric Mobility tanked over 5% to hit a fresh all-time low of INR 53.71 apiece on the BSE on Monday (March 3) amid reports that the…