COVID-19 impact: OLA to lay off 1400 employees as lockdown hits revenues

Ride-hailing major OLA has decided to lay off 1,400 employees amid the coronavirus crisis. Outlining the severe impact of the pandemic on the industry and the company, in an email to the employees on Wednesday, co-founder & CEO, Bhavish Aggarwal on Wednesday said OLA'a revenue over the past two months has come down by 95 per cent.
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