Ola to Cut 10 Percent Engineering Jobs Across Ride-Hailing, EV Businesses

India’s Ola will reduce about 200 engineering jobs to cut back redundancy throughout its two major companies of ride-hailing and electrical automobile manufacturing, the SoftBank Group-backed firm mentioned on Monday. The firm mentioned it’s focussed on being a “vertically integrated mobility company” and is centralising operations to construct a construction to strengthen related roles and features. “Ola is building on common capabilities and synergies across functions as it strengthens its play across two-wheelers, four-wheelers, cell research and manufacturing,” the corporate mentioned in an announcement.

To that finish, mentioned Ola, it plans to spice up its engineering workforce to five,000 over the subsequent 18 months from round 2,000 presently, as a part of an “influx of hiring” for roles in automobile engineering, sourcing, product administration and information science.

Ola, which pipped Uber to take a majority share of India’s ride-hailing market, began manufacturing e-scooters final yr and plans to start out producing electrical automobiles in 2024.

However, its scooter enterprise got here below scrutiny earlier this yr when Ola recalled greater than 1,400 of the autos after one in all them caught fireplace.

The firm additionally postponed plans to go public within the first half of this yr, probably as a result of volatility out there and lacklustre listings of different home start-ups.

Last month, it was reported that Ola Electric deliberate to launch its first four-wheeler electrical automobile within the Indian market in 2024. The first electrical automobile from the corporate is claimed to supply a variety of over 500km on a single cost and go from 0-100kmph inside 4 seconds. As beforehand talked about, the agency made its entry into the EV area final yr with the launch of Ola S1 and S1 Pro electrical scooters.

© Thomson Reuters 2022