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Ride-hailing major <keyword id="6354720" type="General" weightage="100" keywordseo="ola" source="Orion">Ola</keyword> has started to lay off 200 employees from its <keyword id="6362049" type="General" weightage="50" keywordseo="ola-cabs" source="Orion">Ola Cabs</keyword>, Ola Electric and <keyword id="7306214" type="General" weightage="50" keywordseo="ola-financial-services" source="Orion">Ola Financial Services</keyword> verticals as part of the "restructuring" exercise. The layoffs, which were first announced in September last year, happened across the teams. The company told IANS that it is "centralising operations and is undertaking a restructuring exercise to minimise redundancy and build a strong lateral structure that strengthens relevant roles and functions". The layoffs constitute 10 per cent of its 2,000-strong engineer workforce "as part of a larger restructuring exercise towards its electric dream". "Currently, the company has around 2,000 engineers and aims to increase its engineering talent pool to 5,000 over the next 18 months," according to the ride-hailing company. The Bhavish Aggarwal-run company has nearly 1,100 employees in its core ride-hailing business. Earlier, restructuring exercises impacted employees across product, marketing, sales, supply, tech, business, and operations verticals at the company, affecting nearly 500 employees that "were a result of restructuring in the cars and dash businesses". The ride-hailing major last year shut down its used vehicle business <keyword id="3295694" type="General" weightage="50" keywordseo="ola-cars" source="Orion">Ola Cars</keyword>, as well as its quick-commerce business, <keyword id="13052888" type="General" weightage="50" keywordseo="ola-dash" source="Orion">Ola Dash</keyword>, as the company shifted to focus on its electric two-wheeler and car verticals. Ola said it plans to hire 5,000 engineers as it doubles down on new engineering verticals and strengthens capabilities across the vehicle, cell, battery, manufacturing and autonomous streams. SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/india/news/fugitive-diamantaire-mehul-choksi-buying-protection-by-bribing-antigua-officials-says-an-expos-on-blogger/articleshow/96956166.cms">Fugitive diamantaire Mehul Choksi buying protection by bribing Antigua officials, says an exposé on Blogger</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/tech/mobile/news/oneplus-11-5g-launch-event-how-to-buy-event-tickets-price-benefits-and-more/articleshow/96956696.cms">OnePlus 11 5G launch event – how to buy event tickets, price, benefits, and more</a>

Layoffs begin at Ola, 200 employees to be impacted by restructuring exercise

Ride-hailing major <keyword id="6354720" type="General" weightage="100" keywordseo="ola" source="Orion">Ola</keyword> on Monday clarified that nearly 200 engineers, including some in the software vertical, have been asked to go from its 2,000-strong engineer workforce -- 10 per cent of the headcount -- as part of a larger restructuring exercise towards its electric dream. The company denied sacking 500 employees, adding that it is "centralising operations and is undertaking a restructuring exercise to minimise redundancy and build a strong lateral structure that strengthens relevant roles and functions". CNBC first reported that nearly 500 employees are being laid off from the various software verticals of <keyword id="21936" type="General" weightage="50" keywordseo="ani" source="Orion">ANI</keyword> technologies which operates as <keyword id="6362049" type="General" weightage="50" keywordseo="ola-cabs" source="Orion">Ola Cabs</keyword>. "The company currently has around 2,000 engineers and aims to increase its engineering talent pool to 5,000 over the next 18 months," said the ride-hailing company. The Bhavish Aggarwal-run company has nearly 1,100 employees in its core ride-hailing business. Earlier restructuring exercises impacted employees across product, marketing, sales, supply, tech, business, and operations verticals at the company, affecting nearly 500 employees that "were a result of restructuring in the Cars and Dash businesses". The ride-hailing major recently shut down its used vehicle business <keyword id="3295694" type="General" weightage="50" keywordseo="ola-cars" source="Orion">Ola Cars</keyword>, as well as its quick-commerce business, <keyword id="13052888" type="General" weightage="50" keywordseo="ola-dash" source="Orion">Ola Dash</keyword>, as the company shifted focus on its electric two-wheeler and car verticals. Ola said it plans to hire 5,000 engineers as it doubles down on new engineering verticals and strengthens capabilities across vehicle, cell, battery, manufacturing and autonomous streams. However, <keyword id="4393078" type="General" weightage="50" keywordseo="ola-electric" source="Orion">Ola Electric</keyword>'s sales are diminishing and it sold 3,421 EV two-wheelers in August, a drop from 3,862 units the company sold in July. More than half a dozen senior executives have quit Ola Electric in recent months while over 30 senior executives have left Ola in the past two years. Recently, Ola Electric's head of advanced battery engineering, Ashok Saraswat, moved on. Saraswat, who joined SoftBank-backed Ola last year, is reportedly joining a company that is entering the battery business. As EV two-wheeler sales drop amid battery fire fears, Okinawa Autotech, PureEV and Ola Electric recalled 6,656 vehicles after the battery explosion incidents increased in the country. The government has said it is extra vigilant about the safety standards of EVs and experts are on the job. SEE ALSO : <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/business/auto/news/ev-battery-can-charge-in-three-minutes-a-harvard-backed-company-claimed/articleshow/94295446.cms">Harvard-backed company makes an EV battery that fully charges in three minutes</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/business/news/ola-laying-off-500-employees-from-its-software-verticals-report/articleshow/94294728.cms">Ola laying off 500 employees from its software verticals: Report</a>

Laying off 200 engineers to 'centralise' operations, clarifies Ola

<keyword id="14403260" type="General" weightage="20" keywordseo="Shikharr-Sood" source="Orion">Shikharr Sood</keyword>, the head of <keyword id="6354720" type="General" weightage="100" keywordseo="ola" source="Orion">Ola</keyword>'s Talent Acquisition, and in charge of talent acquisition for the entire Ola Group, is now reportedly the latest executive to leave the firm. His resignation comes amid several resignations by top executives. Several former executives said that product complaints, unit closures, and 'act fast, think later' culture has led to recent Ola troubles, CNBC reported, adding that the company is yet to respond to the query on Sood's resignation. Meanwhile, a recent media report also said that the ride-hailing platform Ola is planning to lay off up to 500 employees across departments as it aims to cut costs and streamline operations amid the ongoing funding winter. Meanwhile, a recent report said that the ride-hailing platform Ola is planning to lay off up to 500 employees across departments as it aims to cut costs and streamline operations amid the ongoing funding winter. According to reliable sources, SoftBank-backed Ola has asked senior executives to find employees in their teams on a performance basis who can be asked to go. The company is reportedly looking at "leaner and consolidated teams" to keep its "strong profitability intact". Ola, which has delayed its IPO plans, has also reportedly shopped its global investment plans to further expand overseas. The company currently has nearly 1,100 employees in its core ride-hailing business and directly competes with Uber. Last month, Ola shut down its used vehicle business <keyword id="3295694" type="General" weightage="50" keywordseo="ola-cars" source="Orion">Ola Cars</keyword> as well as <keyword id="13052888" type="General" weightage="50" keywordseo="ola-dash" source="Orion">Ola Dash</keyword>, its quick-commerce business. The company shut Ola Cars within one year of its launch, as it focuses on its electric two-wheeler and electric car verticals. Ola has so far shut down <keyword id="2773874" type="General" weightage="50" keywordseo="ola-cafe" source="Orion">Ola Cafe</keyword>, food panda, Ola Foods, and now Ola Dash. Meanwhile, <keyword id="4393078" type="General" weightage="50" keywordseo="ola-electric" source="Orion">Ola Electric</keyword>, facing a government probe into battery fires along with other EV players, has also seen some high-profile exits in recent months. SEE ALSO : <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/india/news/not-just-crude-gold-silver-and-even-wheat-and-edible-oil-prices-are-going-down-in-india/articleshow/92748130.cms">It’s not just crude, gold, silver and even wheat and edible oil prices are going down</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/retail/news/dmarts-growth-momentum-could-be-impacted-by-high-inflation/articleshow/92747965.cms">DMart has more stores and no disruptions like it wanted – and investors are excited</a>

Ola's talent acquisition head Shikharr Sood quits too

As Bhavish Aggarwal-owned <keyword id="6354720" type="General" weightage="100" keywordseo="ola" source="Orion">Ola</keyword> is aiming to ramp up its electric vehicle business, the ride-hailing platform is now planning to lay off around 1,000 employees. Media reports say that verticals like mobility, hyperlocal, fintech, and its used car operations have all been included in the process. Recently, a report said that Ola is laying off up to 500 employees across departments as it aimed to cut costs amid a challenging funding environment and a delay in listing plans. Senior executives at the SoftBank-backed company were reportedly tasked with identifying team members who can be asked to leave based on performance. The company aims at "leaner and consolidated teams" to keep its "strong profitability intact". The company had shut down its used vehicle business <keyword id="3295694" type="General" weightage="50" keywordseo="ola-cars" source="Orion">Ola Cars</keyword>, as well as its quick-commerce business, <keyword id="13052888" type="General" weightage="50" keywordseo="ola-dash" source="Orion">Ola Dash</keyword>, recently. It was shut down within one year of its launch, as the company shifted focus on its electric two-wheeler and car verticals. Ola is also facing flak over faulty batteries and fire incidents in its electric vehicles among other EV players like <keyword id="6077703" type="General" weightage="50" keywordseo="okinawa-autotech" source="Orion">Okinawa Autotech</keyword>, <keyword id="7583348" type="General" weightage="50" keywordseo="pure-ev" source="Orion">Pure EV</keyword>, among others. Several incidences of electric two-wheelers catching fire have recently occurred around the country, prompting companies to recall their vehicles. The company entered the EV space with a bang last year. Its electric scooters saw 1 lakh reservations in just 24 hours of opening of pre-launch bookings. However, cracks began to show up as delays in deliveries and missing features became synonymous with the brand. SEE ALSO : <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/science/health/news/rectal-pain-penile-swelling-more-common-in-current-monkeypox-outbreak/articleshow/93208619.cms">Rectal pain, penile swelling more common in current monkeypox outbreak</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/tech/news/battlegrounds-mobile-india-delisted-from-google-play-store-and-apple-app-store-in-india/articleshow/93195450.cms">BGMI delisted from Play Store and App Store after government order citing data sharing and mining in China: Report</a>

Ola likely to lay off nearly 1K employees to ramp up EV plans

<ul><li>HR Director <keyword id="14299448" type="General" weightage="20" keywordseo="ranjit-kondeshan" source="Orion">Ranjit Kondeshan</keyword> quits as a top executive.</li><li>Ola witnessed 31 top-level resignations and 40 new postings since 2020.</li><li>The high-profile exits come at a time when Ola is reportedly planning its IPO this year.</li></ul>The resignation drive of senior executives at <keyword id="4393078" type="General" weightage="20" keywordseo="ola-electric" source="Orion">Ola Electric</keyword> continues and now, its Director HR Ranjit Kondeshan has decided to move on. According to sources, Kondeshan would depart from Bhavish Aggarwal-run electric mobility company on July 2, just 14 months after joining. According to his LinkedIn profile, Kondeshan joined Ola Electric Mobility from Visa where he worked for three years in Mumbai. Before Visa, he was Senior HR Manager at Bajaj Allianz Life. Ola Electric, facing a government probe in battery fires along with other EV players, has seen some high-profile exits in recent months. Nidhi Chaturvedi Jha quit Ola Electric as regional head in May and joined Amazon. In April, chief marketing officer Varun Dubey left the company due to "personal reasons". Earlier, Dinesh Radhakrishnan, who was the chief technology officer (CTO) at Ola Electric, moved on from the company. According to his LinkedIn profile, he was appointed CTO at Ola Electric in May last year. Meanwhile, Arun Sirdeshmukh who was head of Ola Cars, which is the used car commerce division of the company, announced his departure from the company. The high-profile exits come at a time when Ola is reportedly planning its IPO this year at a lower valuation than planned earlier as several startups' IPOs have proved to be a nightmare for the investors. Ride-hailing platform Ola this week shut down its used vehicle business Ola Cars as well as Ola Dash, its quick-commerce business, at a time when Indian companies are pouring money into the 10-15 minute grocery delivery market. The company shut Ola Cars within one years of its launch, as it focuses on its electric two-wheeler and car verticals. Ola has so far shut down Ola Cafe, food panda, Ola Foods, and now Ola Dash. Ola now aims to invest more towards its electric car, cell manufacturing, and financial services businesses. SEE ALSO: <a href="https://www.businessinsider.in/retail/news/lays-kurkure-and-bingo-are-taking-over-indian-snacks-like-aloo-bhujia/articleshow/92508625.cms">Lay’s, Kurkure and Bingo are taking over Indian snacks like Aloo Bhujia, Murukku</a> <a href="https://www.businessinsider.in/tech/enterprise/how-it-works-internet-of-things-iot-for-manufacturing/articleshow/92509382.cms">How IT Works: Internet of Things (IoT) for manufacturing</a>

Ola Electric’s HR Director quits after fourteen months as top executives depart

Ride-hailing platform <keyword id="6354720" type="General" weightage="100" keywordseo="ola" source="Orion">Ola</keyword> has shut down its used vehicle business <keyword id="3295694" type="General" weightage="50" keywordseo="ola-cars" source="Orion">Ola Cars</keyword> as well as Ola Dash, its quick-commerce business, at a time when Indian companies are pouring money into the 10-15 minute grocery delivery market. The company shut Ola Cars within one years of its launch, as it focuses on its electric two-wheeler and car verticals. Ola has so far shut down <keyword id="2773874" type="General" weightage="50" keywordseo="ola-cafe" source="Orion">Ola Cafe</keyword>, food panda, Ola Foods, and now Ola Dash. "Ola has reassessed its priorities and decided to shut down Ola Dash - its quick commerce business. Ola will also be reorienting its Ola Cars business to focus more on strengthening the go-to-market strategy for <keyword id="4393078" type="General" weightage="50" keywordseo="ola-electric" source="Orion">Ola Electric</keyword>," the company said in a statement. It added that Ola Cars' infra, technology and capabilities will be "repurposed towards growing Ola Electric's sales and service network". Ola now aims to invest more towards its electric car, cell manufacturing, and financial services businesses. Ola Dash shuts down at a time when India's quick commerce market is all set to witness 15 times growth by 2025, reaching a market size of nearly $5.5 billion. The total addressable market for quick commerce in India stands at $45 billion, and urban areas are driving this market on the back of mid-high-income households. <keyword id="830092" type="General" weightage="50" keywordseo="zomato" source="Orion">Zomato</keyword> on Friday poured Rs 4,447 crore into acquiring quick-commerce grocery delivery platform Blinkit. In December 2021, Swiggy announced to pour $700 million into Instamart. Last month, 10-minute delivery platform Zepto raised $200 million, taking its valuation to around $900 million. Ola Electric is also facing scrutiny over faulty batteries in its electric two-wheelers, among other EV players like Okinawa Autotech, Pure EV, Jitendra Electric Vehicles, and Boom Motors, by the government. The Bureau of Indian Standard (BIS), which comes under the Union Consumer Affairs Ministry, has published the "performance standards for electronic vehicle batteries" in a bid to keep a strict control over the manufacturing of EV batteries. SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/international/news/india-might-be-used-as-a-back-door-for-russian-oil-say-media-reports/articleshow/92480791.cms">India might be used as a 'back door' for Russian oil, say media reports</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/tech/enterprise/news/netflix-confirms-an-ad-supported-tier-is-coming-to-its-streaming-service-by-year-end/articleshow/92438291.cms">Netflix confirms an ad supported tier is coming to its streaming service by year end</a>

Ola shuts it used car and quick commerce businesses

<ul class="summary-list"><li>Cassidy Hutchinson, in her new memoir, recounted her dismay with Ted Cruz over a 2020 incident.</li><li>Hutchinson carefully planned for Texas Gov. Greg Abbott to greet Trump during a tarmac arrival.</li></ul>Former White House aide Cassidy Hutchinson, in her new memoir, said that Sen. Ted Cruz told her not to be a "tattletale" after she vented to Mark Meadows about him showing up to greet President Donald Trump at a tarmac arrival in Texas.Hutchinson, whose <a href="https://affiliate.insider.com?amazonTrackingID=biauto-62483-20&amp;h=3dedc84af280067827c9a3d177a30736b67e774949309f3dc08e289f1be578fb&amp;postID=6514688323b6903d6ac2f675&amp;postSlug=cassidy-hutchinson-ted-cruz-sparred-trump-texas-tarmac-arrival-book-2023-9&amp;site=bi&amp;u=https%3A%2F%2Fwww.amazon.com%2FEnough-Cassidy-Hutchinson%2Fdp%2F166802828X%3Fasc_refurl%3Dhttps%253A%252F%252Fwww.businessinsider.com%252F%26asc_source%3Dbrowser%26asc_campaign%3Dcommerce-pra%26tag%3Dbiauto-61875-20">memoir</a>, "Enough," was released on Tuesday, detailed the lengths that she went through to coordinate Trump's August 2020 visit to the state in the aftermath of Hurricane Laura, a Category 4 storm that had devastated parts of the Gulf region.In the memoir, Hutchinson described her plan to have Republican Gov. Greg Abbott of Texas greet Trump on the tarmac, while Cruz and then-House Minority Whip Steve Scalise of Louisiana would take part in a <a href="https://www.youtube.com/watch?v=56VaZS7j-8A">roundtable discussion</a> with the then-president.And she wrote of her dismay at seeing Cruz — whom she once interned for while in college — on the tarmac."While we were in the air, an advance staffer texted me news I didn't want. Ted Cruz had pressured OLA [Office of Legislative Affairs] to get local law enforcement and the Secret Service to allow him on the tarmac to greet POTUS," she wrote. "I had relayed ... very strict instructions from Mark and the president, yet there he now was as we landed, standing next to Governor Abbott, ready to grin and grip with the president, who was expecting him only at the roundtable.""I was infuriated," she continued. "I spotted Cruz and made a dash for him."Hutchinson then said that an advance staffer tried to get Cruz to leave the tarmac, which reportedly angered him.As a top aide to then-Chief of Staff Mark Meadows, Hutchinson said she wasn't impressed by Cruz's actions."I don't give a damn about Cruz's feelings," she told the advance staffer, per the memoir. "When he wins a presidential election, he can dictate events however he wants."Hutchinson approached Cruz to discuss the situation, but the conversation quickly deteriorated."I was cordial at first. I thanked him for meeting us there, and promised him I would let the president know that he had joined us for the entire visit," she wrote. "But the president had a vision for the touchdown, having specifically instructed that only Governor Abbott greet him."Hutchinson said Cruz then asked her if she enjoyed her job. So she replied that if he ever disregarded her instructions again, it would be "the last presidential event you ever receive an invitation to.""Tell Mark that," the senator said, according to Hutchinson. "He'll never take your side."Hutchinson then told Meadows about the incident, upset over the situation while also stressing that Cruz ignoring her authority also meant that the senator was ignoring his authority."After the roundtable ended, I watched Mark take Cruz aside," she wrote. "When they finished talking, Cruz walked over to me and warned me not to be a 'tattletale' again. I warned him not to disrespect my authority.""That was the last time I spoke to Ted Cruz," she added.In June 2022, Hutchinson <a href="https://www.businessinsider.com/who-is-cassidy-hutchinson-mark-meadows-january-6-committee-hearing-2022-6">testified</a> before the House January 6 committee, shaking up the nation's capital with her bombshell statements on Trump's conduct in the White House immediately after the 2020 election, as well as her <a href="https://www.businessinsider.com/mark-meadows-cassidy-hutchinson-trump-white-house-capitol-riot-2022-6">frustrations</a> with Meadows over his actions at the onset of the Capitol riot.When Insider's Bryan Metzger asked Cruz last year if he'd seen Hutchinson's testimony, he <a href="https://www.businessinsider.com/ted-cruz-former-intern-cassidy-hutchinson-january-6-committee-testimony-2022-7">dismissed</a> the panel's hearings."I haven't watched any of this political circus and kangaroo court being put on by Democrats," he said at the time.Insider reached out to a representative of Cruz for comment.

Cassidy Hutchinson says Ted Cruz told her not to be a 'tattletale' after she complained to Mark Meadows that Cruz crashed a Trump tarmac arrival in Texas

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Layoffs begin at Ola, 200 employees to be impacted by restructuring exercise

IANS

Laying off 200 engineers to 'centralise' operations, clarifies Ola

IANS

Ola's talent acquisition head Shikharr Sood quits too

IANS

Ola likely to lay off nearly 1K employees to ramp up EV plans

IANS

Ola Electric’s HR Director quits after fourteen months as top executives depart

IANS

Ola shuts it used car and quick commerce businesses

IANS

Cassidy Hutchinson says Ted Cruz told her not to be a 'tattletale' after she complained to Mark Meadows that Cruz crashed a Trump tarmac arrival in Texas

John L. Dorman

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