SoftBank-backed Ola kicks off cost-cutting exercise, may lay off 400-500 staff - Moneycontrol

The move to undertake layoffs also comes days after Ola decided to shut down Ola Dash, its quick commerce business, and also recast its cars business to focus more on strengthening its electric division.

Mobility platform Ola is seeking to significantly bring down its costs, a move that could result in 400-500 employees being laid off, amid a delay in listing plans and a tough funding environment, ac… [+4610 chars]

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