Ola fires 200 more engineers in fresh round of layoffs

Ola has fired around 200 engineers across its ride-hailing and fintech businesses in a fresh round of layoffs following the shutting down of its food, used cars and quick commerce business in June, according to sources in the company.

The company had laid off around 1,000 employees already this year as the company repurposed its focus to the ride-hailing and EV business. Earlier, the company had ambitions of building a super app with multiple services like cloud kitchens, used car sales business, food and grocery delivery along with its core ride-hailing service.

ET reported on September 18 that
the company may further cut costs, which could lead to a reduction in its engineering workforce at the ride-hailing business.

The fresh round of layoffs comes at a time when late stage startups are struggling to raise funds amid global macroeconomic headwinds.

The company has also been struggling to sell its flagship electric scooter S1 pro following a fire incident with one of its vehicles in March. Following the drop in sales, the company launched a sub Rs 1 lakh scooter in August and has opened brick-and-mortar experience centres to boost sales.

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