Tuesday, October 4, 2022
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The Ola group makes a U-turn and stops the dismissal of almost 200 engineers

The Ola group has decided to pause the dismissal of about 200 engineers, according to sources. Previously, it planned to cut 200 jobs as part of a restructuring exercise across its engineering verticals, in a bid to centralize operations, minimize redundancy and build a strong lateral structure that strengthens relevant roles and functions.

The decision to lay off employees had created stress and anxiety among Ola’s staff, according to the sources, who also noted that the restructuring exercise would continue in the group that comprises the ride-sharing platform and Ola Electric.

“Ola had done an assessment and decided that the company would lay off 10 percent or about 200 of the 2,000 engineers,” a person familiar with the matter said. “However, a town hall meeting was held on Thursday night and it was decided that management would do a reassessment and pause the layoffs.”

Instead, Ola executives said that the way they were managing productivity and efficiency was not as effective as they would like it to be and decided to find a better way to manage the process.

While layoffs aren’t happening right now, Ola hasn’t ruled out their possibility some time later, based on a reassessment of productivity and evaluation of efficiency.

As a whole, the company at the group level has a workforce of around 10,000 people.

The Bhavish Aggarwal-led group currently has around 2,000 engineers spread across the ridesharing platform and Ola Electric, and aims to grow its engineering talent pool to 5,000 in the next 18 months.

Ola Electric has said it has been increasing its focus on non-software engineering domains and building engineering and R&D capabilities.

This is across the flows of vehicles, cells, batteries, manufacturing and automation, and autonomous engineering.

Ola said it is focused on being a vertically integrated mobility company, building on common capabilities and synergies across functions as the company strengthens its game in two-wheelers, four-wheelers, cellular research, development and manufacturing. .

In July this year, Ola, the mobility platform, laid off 400-500 employees, in a move aimed at boosting cost efficiency. These layoffs took place across all departments, amid a challenging financing environment and plan listing delays.

In May 2020, Ola announced the layoff of 1,400 employees, or more than 33% of its workforce, as covid-19 continued to affect the transportation industry.


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