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Amid a market share decline, customer complaints, and stock price erosion, Ola Electric is now reducing its workforce. The job cuts span various departments, but the hardest-hit areas have been manufacturing and supply-chain management, according to sources. According to multiple people aware of the ongoing downsizing drive within Ola Electric, the company has cut 300-400 jobs over the past few months or under 10% of the workforce. “There is an
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Amid a market share decline, customer complaints, and stock price erosion, Ola Electric is now reducing its workforce. The job cuts span various departments, but the hardest-hit areas have been manufacturing and supply-chain management, according to sources. According to multiple people aware of the ongoing downsizing drive within Ola Electric, the company has cut 300-400 jobs over the past few months or under 10% of the workforce. “There is an
We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.
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