The electric scooter market leader, which is seeing a steady decline in stock price and unit sales, is reducing its on-roll headcount.
Ola Electric is now reducing its workforce amid a market share decline, customer complaints, and stock price erosion. According to sources, the job cuts span various departments, but manufacturing and supply-chain management are the hardest-hit areas. According to multiple people aware of the ongoing downsizing drive within Ola Electric, the company has cut 300-400 jobs over the past few months, or under 10% of the workforce. “There is an
