New Delhi, March 3 || Ola Electric Mobility is reportedly laying off more than 1,000 employees and contract workers in its second round of job cuts within months.
The decision came as the company, backed by SoftBank Group Corporation, is working to reduce its growing losses.
The latest layoffs are happening across various departments, including procurement, fulfillment, customer relations and charging infrastructure, according to reports on Monday.
This is the second round of layoffs in less than five months. In November, the company had laid off around 500 employees.
The current layoffs account for more than a quarter of Ola's total workforce, which stood at 4,000 at the end of March 2024. The layoffs also include contract workers, who are not counted in the company’s public employee disclosures.
The report also revealed that as part of a restructuring effort, Ola Electric is automating parts of its customer relations operations.
The company is also letting go of front-end sales, service, and warehouse staff at its showrooms and service centres as it revises its logistics and delivery strategy to cut costs.
The plans for layoffs may evolve depending on business requirements, the reports mentioned.