Ola laid off 200 software engineers as part of its massive restructuring plan

ANI Technologies, the parent company of cab fleet platform Ola Cabs and electric two-wheel manufacturer Ola Electric laid off 200 employees from software engineering profiles across verticals.

The news comes almost a month after ANI Technologies founder Bhavish Aggarwal relaunched the Ola Electric S1 scooter and announced plans to launch the Ola Electric car. According to sources familiar with the situation, ANI Technologies is centralising its operations and conducting exercises to’minimize redundancy.’ Currently, the startup employs over 2,000 engineers across vehicle, cell, battery, manufacturing, and autonomous engineering streams. This means that the startup has eliminated nearly 10% of its engineering positions. The startup has hinted at hiring 3,000 more engineers in the coming month to centralise operations.