Ola’s talent acquisition head Shikharr Sood also quits

Several former executives said product complaints, unit closures and the culture of “act fast, think later” have led to recent Ola issues, CNBC reported, adding that the company has not yet responded to the question about Sood’s resignation.

Meanwhile, a recent media report also said ride-hailing platform Ola plans to lay off up to 500 employees in various departments as it aims to cut costs and streamline operations during the ongoing financing winter.

Meanwhile, a recent report said ride-hailing platform Ola plans to lay off up to 500 employees in various departments as it strives to cut costs and streamline operations during the ongoing financing winter.

According to reliable sources, SoftBank-backed Ola has asked senior executives to identify employees on their teams on a performance basis who could be asked to leave.

The company is reportedly looking to “leaner and consolidated teams” to keep its “strong profitability intact”. Ola, which has postponed its IPO plans, has also reportedly shopped around its global investment plans to expand further abroad.

The company currently has nearly 1,100 employees in its core business and competes directly with Uber.

Last month, Ola shut down his used vehicle business Ola Cars like Ola Dashits fast trading activities.

The company closed Ola Cars within a year of its launch, as it focuses on its electric two-wheelers and electric cars. Ola has stopped so far Ola Cafefood panda, Ola Foods and now Ola Dash.

In the meantime, Ola ElectricFacing a government investigation into battery fires, along with other EV players, has also seen some high-profile exits in recent months.

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