The Bengaluru-based agency is in the course of a serious restructuring train. Ola laid off about 2,000 staff earlier this yr amid its inventory market itemizing plans. It had been planning IPO since final yr however held its plan in view of unfavourable market situations.
Ola staff had been knowledgeable in regards to the change within the plan at a townhall assembly helmed by among the firm’s senior tech leaders.
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When the information of 200 job cuts surfaced, the Bengaluru-based agency mentioned that it plans to rent round 3,000 to deal with non-software engineering domains. Ola shared it has been growing its deal with non-software engineering domains “with a transparent deal with constructing engineering and R&D capabilities throughout – automobile, cell, battery, manufacturing and automation, autonomous engineering streams and others”.
“Ola is constructing on frequent capabilities and synergies throughout features because it strengthens its play throughout 2Ws (two-wheelers), 4Ws (four-wheelers), cell R&D and manufacturing,” the corporate mentioned in a press release.
In gentle of those efforts, the corporate is centralising operations and is endeavor a restructuring train to minimise redundancy and construct a powerful lateral construction that strengthens related roles and features, Ola added.
Deccan Herald newspaper was the primary to interrupt the story in regards to the firm’s newest determination.
In the meantime, Ola Electrical mentioned it “at the moment has round 2,000 engineers and goals to extend its engineering expertise pool to five,000 over the subsequent 18 months.” On August 15, the corporate had introduced plans to enter the electrical automotive phase with plans to launch its first mannequin by 2024.