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OLA JOB CUTS
Swiggy CEO on failed shareholder vote; Indian firms brace for MythosHappy Thursday! Swiggy group CEO Sriharsha Majety opened up about the recent hitch to become an Indian-owned company. This and more in toda...- 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.
- Swiggy, Urban Company report Q4 losses; Zepto gets IPO nodNew-age companies Swiggy and Urban Company closed the March quarter in the red, even as revenues surged. This and more in today's ETtech To...
- Premji eyes Emergent bet; Krutrim plans unravelHappy Wednesday! Premji Invest is circling Emergent, looking to join its latest fundraise at a $1.5 billion valuation. This and more in tod...
- From setbacks to second wind, what next for Ola and Bhavish Aggarwal?Ola Electric is struggling to revive its position after a sharp fall in market share, financial stress and operational challenges. Founder ...
- BigBasket, 1mg founders plan transition; QED's Morris flags credit tighteningHappy Friday! BigBasket and 1mg founders are preparing to step back from day-to-day roles. This and more in today's ETtech Morning Dispatch.
- Oracle layoffs hit India hard; Qcomm apps print ad moneyIndia bore the brunt of Oracle’s latest global layoffs amid rising automation. This and more in today’s ETtech Top 5.
- H-1B selection rate rises; VC IPO windfall in 2025There is a notable rise in H-1B selection rates, even as the number of petitions decreases. This and more in today’s ETtech Top 5.
- Ola Electric accelerates automation push, trims workforce as turnaround gains buildOla Electric is focusing on its business turnaround, achieving same-day resolution for over 80% of service requests nationwide through Hype...
- Ola Electric said to cut over a thousand jobs to stem lossesOla Electric Mobility Ltd. is laying off over a thousand employees and automating operations to reduce costs amid rising losses and market ...
- Layoffs in 2024: These startups grappled with workforce cutsThe year witnessed notable layoffs, with numbers ranging from a few hundred to a few thousand, at companies like Ola Electric, Paytm parent...
- Under pressure Ola Electric is laying off 500 to up profitabilityTwo people in the know of the development said the downsize drive was in the plan for months and set in motion recently. According to one 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...
- Ola Electric eyes leaner road to profitability, to cut 400-500 rolesOla Electric, eyeing an IPO, is reportedly trimming its workforce by 400-500 employees to streamline operations. This number may change as ...
- Byju's to Ola: Meet the bosses of companies that saw most job cutsByju's laid off 3,500 employees. Co-founder: Byju Raveendran.
- Ola Electric cuts 200 jobs; plans to hire 3,000 to focus on non-software engineering domainsOn the other hand, Ola Electric said it "currently has around 2,000 engineers and aims to increase its engineering talent pool to 5,000 ove...
- Ola starts handing pink slips, defers appraisalThe SoftBank-backed firm has started laying off employees across functions, said people in the know, but did not share the number of job cu...
- Ola to set up new tech centre in Pune, hire 1,000 engineers: ReportRide-hailing platform Ola plans to set up a new technology centre in Pune and hire about 1,000 engineers over the next few years.
- Layoffs at unicorn club set tone for tougher 2020Quikr has laid off close to 1,000 employees, which is about a third of its total 3,000 workforce over the last few weeks, said a source, ev...
- 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.
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