• OLA to lay off 1,400 employees, says revenue down 95% in 2 months

    OLA to lay off 1,400 employees, says revenue down 95% in 2 months

    Published Date : 20-May-2020 3:33:02 IST

    Ola on Wednesday announced it is firing 1,400 employees because of the coronavirus pandemic. Calling it the toughest decision he has ever taken, CEO Bhavish Aggarwal said the ride-hailing company’s revenue has come down by 95% over the past two months. Every affected employee will receive a minimum financial payout of 3 months of their fixed salary, he further said.

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