Ola to lay off 1,000 employees as focus shifts to EV business: Report
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Ride-hailing platform Ola has started the process of dismissing around 1,000 employees across multiple verticals; at the same time, it has intensified hiring for its electric vehicles (EVs) business. Media reports from earlier this month suggested that Ola may lay off around 400-500 people. However, an ET report citing company insiders and recruitment agencies stated that the number will be closer to 1,000.