Ola Electric begins restructuring, 500 employees to be affected

Electric two-wheeler (E2W) manufacturer Ola Electric has started restructuring the organisation, which is expected to impact approximately 500 employees across various departments and levels, according to reports.

The layoffs are part of the company’s broader efforts to improve its margins and move toward profitability. When contacted by FE, a company spokesperson said they had ‘no comments to offer’ on the reports about the restructuring.