Ola Electric to lay off 5% of its workforce
The Hindu
Ola Electric announces a 5% workforce reduction as part of its ongoing structural transformation and focus on automation.
Ola Electric, a Bengaluru-based electric vehicle firm founded by Bhavish Aggarwal, on Friday (January 30, 2026) said, as part of its ongoing structural transformation, approximately 5% of its workforce would be impacted.
The firm said it was doubling down on speed and discipline through increased automation across its front-end operations and was building a leaner organisation.
According to internal sources, Ola Electric currently employs around 3,500 people.
“The company is doubling down on speed and discipline through increased automation across its frontend operations. As part of this ongoing structural transformation, approximately 5% of the workforce will be impacted,’’ it said in a statement this evening.
The EV firm further said it continued to focus on its business turnaround, building on the early gains delivered through Hyperservice and its service-led execution reset, with same-day resolution now being delivered to over 80% of service requests nationwide.
Ola Electric remained focused on delivering a stronger customer experience and building a leaner organisation positioned for long-term, profitable growth, it further said.
The Thane police have arrested two co-founders of cryptocurrency exchange platform CoinDCX in connection with an alleged fraud of Rs 71.6 lakh, officials said
Meta Chief Executive Mark Zuckerberg is building a CEO agent to help him do his job, the Wall Street Journal reported
Insurance penetration and density are often misunderstood and do not reveal how many families are insured or whether they would be financially secure if the main earning member were to die. The real issue is not reach but adequacy, as households may have life insurance but not enough cover to replace lost income, leaving them financially vulnerable.
Five top firms lose ₹1 lakh crore in market value, with HDFC Bank experiencing the largest decline of ₹56,124.48 crore.
L&T confirms 95% of its West Asia project sites are safe, while addressing logistics challenges amid ongoing regional conflicts.
Mines Ministry to auction 19 critical mineral blocks on March 23, expanding strategic resources for clean energy and technology sectors.
Mines Ministry to auction 19 critical mineral blocks on March 23, expanding strategic resources for clean energy and technology sectors.
Five top firms lose ₹1 lakh crore in market value, with HDFC Bank experiencing the largest decline of ₹56,124.48 crore.
HDFC Bank terminates three senior officials over client onboarding issues at its DIFC branch amid ethical concerns following chairman's resignation.
Air India CEO warns of potential flight cuts and reduced travel demand due to rising fuel costs amid ongoing Gulf conflict.
Options are widely used by retail traders to speculate on the value of the stock for immediate gains and such behaviour in large scale can distort the market
India achieves 1 billion tonne coal production for the second consecutive year, ensuring stable energy supply and economic growth.
Generic drugmakers in India launch affordable Semaglutide versions, targeting a $1 billion diabetes and weight loss market.