Ola Electric to lay off over a thousand employees amid declining sales

MUMBAI: Electric two-wheeler manufacturer Ola Electric is laying off over a thousand employees and contract workers as part of a cost-cutting measure to address mounting losses. According to Bloomberg, the layoffs are part of a broader restructuring effort aimed at optimizing operations and steering the company toward profitability.

When contacted, an Ola Electric spokesperson said, “We have restructured and automated our front-end operations, delivering improved margins, reduced costs, and enhanced customer experience while eliminating redundant roles for better productivity.”