Electric scooter manufacturer Ola Electric is supposedly cutting over a thousand representatives and contract laborers to check mounting misfortunes.

As to begin with detailed by Bloomberg, this move is portion of a bigger rebuilding exertion centered on optimizing operations and directing the company toward productivity.

In November, media reports highlighted that the Bengaluru-based company had laid off about 500 workers over different groups as portion of a rebuilding exertion pointed at improving edges and moving forward productivity prospects.

Other than layoffs, the firm has moreover seen the departure of top-level executives, counting Anshul Khandelwal, Chief Promoting Officer, and Suvonil Chatterjee, Chief Technology and Product Officers, in later times.

Whereas Ola Electric has regained its showcase share within the two-wheeler electric vehicle section, the company gotten a appear cause take note from the Central Consumer Protection Authority (CCPA) in October final year due to a rise in shopper complaints, citing affirmed infringement of customer rights, misleading notices, and unfair practices.

For the quarter finishing in December 2024 (Q3 FY25), the Bhavish Aggarwal-led company saw a 19.4% YoY income decrease to Rs 1,045 crore. The company's misfortunes moreover rose 50% to Rs 564 amid the period.