Will Ola lay off employees as part of restructuring?

About 500 members from its software teams may be asked to leave

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Ola appears to be focussing more on non-software engineering domains, with emphasis on enhancing its capabilities in the areas of engineering, as well as research and development (R&D). Media reports suggest that the Company may be asking members of its software teams to leave.

As per a report on CNBC-TV18, about 500 people may be rendered jobless from various verticals of ANI technologies. Of these, a significant number are working on the Ola app.

This move, which will reportedly impact only about 10 per cent of the Company, is said to be part of an effort to reduce redundancy.

In an earlier round of restructuring ?mainly affecting the Ola Cars (pre-owned cars vertical) and Ola Dash (quick commerce vertical) businesses ? employees across various departments, including sales, business, product, marketing, supply, tech, and operations had been laid off.

Of late, the sales of the Ola Electric Scooter have been dipping. The electric scooter was rolled out in December 2021. This business has been undergoing restructuring for some time now.

Over the last 24 months, over 30 senior executives and members of the leadership team at Ola have left the Company.

In July, HRKatha had reported how close on the heels of Ranjit Kondeshan, director – HR, Ola Electric putting in his papers, Yashwant Kumar, senior director and business head – charging network had also resigned. At the time, he was the 32nd person to quit the Company since 2020.

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