Ola Electric To Layoff Over 1K Jobs Amid Rising Losses: Report

The job cuts will affect multiple departments, including procurement, fulfilment, customer relations and charging infrastructure

This marks the company’s second round of job cuts in less than five months

In November 2024, Ola Electric laid off around 500 employees

Bhavish Aggarwal-led electric vehicle major is reportedly planning to lay off more than 1,000 employees and contract workers in an effort to stem its growing losses.

As per Bloomberg’s report, the job cuts will affect multiple departments, including…