Ola to cut 200 engineering jobs

In a fresh round of layoffs, cab aggregator and electric two-wheeler manufacturer, Ola has handed over pink slips to 200 of its staff from its 2,000-strong engineering workforce. Most of these staff were working on developing different aspects of apps. The company termed the move as “a restructuring exercise” to minimise redundancy.

In a statement on Monday, the company said, “Ola Electric has been increasing its focus on non-software engineering domains with a clear focus on building engineering and R&D capabilities across — vehicle, cell, battery, manufacturing and automation, autonomous engineering streams and others.”

“In light of these efforts, the company is centralising operations and is undertaking a restructuring exercise to minimise redundancy and build a strong lateral structure that strengthens relevant roles and functions.”