Ola Electric to cut over 1,000 jobs amidst mounting losses
The electric two-wheeler maker’s latest layoffs come soon after it let 500 employees go late last year.
Subscribe to read this story
We publish over 500 original, detailed stories every year on startups, corporates, stock markets and economic current affairs.
$99 for one year
Not ready to subscribe? Sign up for a free account
We value our free readers. Read 100+ stories every year.
More in Business
You may also like
In India, everything is logistics
Large, valuable businesses are being built in the country, many of whom are delivering food, grocery, goods, services and even people. At their core, these two-sided marketplaces are solving for efficient logistics.
Krutrim is a mirror of Bhavish Aggarwal’s broken dreams
Inside the AI startup, where ambition runs high, the culture is broken and the fallout may just be fatal.
Ola Electric is in an existential crisis
A more than 50% drop in revenue and twofold increase in net loss, combined with a Rs 1,700 crore debt raise, signal deepening troubles for the EV company.