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Ola Electric To Lay Off 200 Engineers

Ola Electric plans to lay of as many as 10% of its engineers, amounting to about 200 employees.
The company is doing this as a part of its 'restructuring' exercise.
Ola Electric currently employs about 2000 engineers.
The restructuring process is part of the company's efforts to centralise operations.
"Ola Electric is undertaking a restructuring exercise to minimise redundancy and build a strong lateral structure that strengthens relevant roles and functions." - Ola Electric
The restructuring exercise will also see Ola hire about 5,000 new engineers over the next 18 months.
The restructuring comes at a time when Ola is aiming to be a holistic electric mobility solutions provider.
The company already retails the Ola S1 and S1 Pro electric scooters and has already teased its first electric car.
Read more about Ola Electric's restructuring plans here:
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