https://layoffcheck.com/companies/ola Layoff and WARN notices reported for Ola. en-us https://layoffcheck.com/companies/ola#2024-04 https://layoffcheck.com/companies/ola#2024-04-843 Mon, 29 Apr 2024 12:00:00 GMT Ola cut around 180 jobs, roughly 10% of its workforce, in late April 2024 as part of a restructuring aimed at improving profitability ahead of a planned IPO. Founder Bhavish Aggarwal, who simultaneously removed CEO Hemant Bakshi after just four months in the role, said the company was "undergoing a restructuring exercise aimed at improving profitability and preparing ourselves for the next phase of growth." Ola had previously exited the UK, Australia, and New Zealand markets and cited AI and technology investments as sources of cost advantage going forward. The company, backed by SoftBank and Tiger Global, said it was "committed to supporting those impacted during this transition period" but did not specify severance terms. Aggarwal indicated he would take a more direct operational role following the leadership change. https://layoffcheck.com/companies/ola#2023-01 https://layoffcheck.com/companies/ola#2023-01-2421 Fri, 13 Jan 2023 12:00:00 GMT Ola reported a workforce reduction in Bengaluru in January 13, 2023. https://layoffcheck.com/companies/ola#2022-09 https://layoffcheck.com/companies/ola#2022-09-3029 Mon, 19 Sep 2022 12:00:00 GMT Ola reported a workforce reduction in Bengaluru in September 19, 2022. https://layoffcheck.com/companies/ola#2022-07 https://layoffcheck.com/companies/ola#2022-07-3254 Fri, 29 Jul 2022 12:00:00 GMT Ola reported a workforce reduction in Bengaluru in July 29, 2022. https://layoffcheck.com/companies/ola#2020-05 https://layoffcheck.com/companies/ola#2020-05-3945 Wed, 20 May 2020 12:00:00 GMT Ola reported a workforce reduction in Bengaluru in May 20, 2020.