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OLA LAYOFFS ENGINEERS
Lenskart, Ola’s Q4 scorecards; Visa maze for laid-off techiesLenskart has posted a sharp jump in its March-quarter revenue even as profit dipped marginally. This and more in today’s ETtech Top 5.- Third round of layoffs, more leadership exits hit KrutrimOla's AI venture, Krutrim, has conducted its third round of layoffs, impacting nearly 50 employees in the linguistics team amidst restructu...
- Tech layoffs in 2024: Apple, IBM, Intel and Microsoft announce job cutsLayoffs in 2024: Tech firms have ramped up layoffs to manage expenses, with Intel, Microsoft, and Match Group cutting significant numbers o...
- Startups’ pink slip count falls to 10,000 amid funding bluesFiring in first half of 2024 lesser than H2, H1 of ’23, signalling a slight recovery. Ola Electric is in the final stages of laying off ove...
- How startups are changing their hiring strategies to streamline costsFacing a prolonged funding drought, startups are trying a new approach to cost-cutting. Layoffs continue, but some companies, like Swiggy a...
- AMD to invest $400 million in India; Reliance's Milkbasket to see layoffs, redundanciesIn a boost for India’s Semiconductor Mission, California-based Advanced Micro Devices (AMD) will invest $400 million in India, its chief te...
- Startups fired 6,000 in October-December 2022, 4,000 in January 2023 aloneWith investors tightening their purse strings because of the volatility in the global economy, many unicorns and startups such as Byju’s, S...
- Exclusive: More consumer internet startups like ShareChat, Dunzo, Rebel Foods join layoff waveThe latest developments at ShareChat, Dunzo and Rebel are an extension of what has transpired in the so-called new economy over the last si...
- Ola fires about 200 employees in a fresh round of layoffsIn September, the company rescinded the retrenchment of about 200 engineers. One of the sources told ET that the current layoffs are the sa...
- Ola sacks 200 employees; Wipro net profit up 2.3% in Q3, beats estimatesRiding haling and electric vehicle firm Ola has had a torrid time since the start of the pandemic three years ago. The company laid off as ...
- Futile for IT firms to prevent moonlighting: Rajeev Chandrasekar, Wipro rolls out annual hikes for FY22, TCS wants staff back in officeRide-hailing company Ola has decided to not lay off the 200 engineers the company was earlier planning to let go, according to sources in t...
- Ola rescinds move to fire 200 engineersEmployees were informed about the change in plan at a town hall meeting helmed by senior technology leaders at the company.
- Ola fires 200 more engineers in fresh round of layoffsThe company had laid off around 1,000 employees already this year as the company repurposed its focus to the ride-hailing and EV business.
- Oyo revives IPO plans; Ola sacks 200 more engineersOyo Hotels & Homes, which filed for an initial public offering in October 2021 but put it off earlier this year because of the pandemic and...
- Bhavish Aggarwal’s Ola Electric is beefing up hiring for ambitious car projectOla is expected to release blueprint on August 15.
- Ola to lay off 1,000 employees while hiring aggressively for EV bizThe entire restructuring exercise – which is expected to be on for a few weeks more - is to focus more on its electric mobility business, w...
- Ola electric mobility goes on hiring spreeOla Electric Mobility (OEM) recently onboarded Vithal Acharya as its new human resources head and plans to hire at least half a dozen more ...
- Ola plans to slash jobs ahead of IPOValued at around $6 billion, Ola plans to go public in around two to three years and being profitable before filing for an IPO is a desirab...
- Job cuts on the rise in 2016: Companies that gave the pink slips this yearOla, an app-based cab service provider gave pink slip to 700 employees pan-India in August this year.
- Despite pink slips in IT and startup firms, job prospects not all that bad: ExpertsLayoffs are becoming pretty common these days as there were recent reports of job loss in Flipkart, Askme, Ola and Infosys, among others.
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