Ola to chop 200 engineering jobs

In a recent spherical of layoffs, cab aggregator and electrical two-wheeler producer, Ola has handed over pink slips to 200 of its workers from its 2,000-strong engineering workforce. Most of those workers have been engaged on creating totally different features of apps. The firm termed the transfer as “a restructuring exercise” to minimise redundancy.

In a press release on Monday, the corporate stated, “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.”

The Bhavish Aggarwal-led firm had earlier laid off round 1,000 workers because of the closure of its pre-owned automotive enterprise Ola Cars and fast commerce unit Ola Dash. Apart from Ola, many different start-ups, primarily within the edtech sector, have been shedding workers since early this 12 months as funding has dried up.

Ola stated it’s seeking to enhance its engineering expertise pool to five,000 over the following 18 months and subsequently sure redundancies must be minimised. FE