Archive · 1 Feb 2026
Ola Electric to lay off 5% of workforce amid restructuring
Ola Electric, a company that makes electric scooters, is letting go of about 5% of its workers.
This is because they are making big changes to their company to work better and faster.
They want to use more machines to do some jobs and make sure customers are happy.
The company has been having some problems lately, like losing a lot of its market share and making less money.
They hope these changes will help them do better in the long run.
Ola Electric announced layoffs of approximately 5% of its workforce due to ongoing structural transformation.
The company aims to increase automation and improve customer experience to build a leaner organization.
Ola Electric's market share dropped sharply to 16.1% in 2025 from 36.7% in 2024.
The company reported a consolidated net loss of Rs 418 crore in Q2 FY26, with revenue dropping nearly 43% year-on-year.
Ola Electric's stock closed at Rs 32.3 per share on Friday.
- Who
- Ola Electric, an electric two-wheeler company run by Bhavish Aggarwal
- What
- Layoffs of approximately 5% of the workforce due to structural transformation
- When
- Announced on Friday
- Where
- India
- Why
- To increase automation, improve customer experience, and build a leaner organization for long-term growth
- Company
- Ola Electric
- CEO
- Bhavish Aggarwal
- Layoffs
- 5% of workforce
- Market Share (2025)
- 16.1%
- Market Share (2024)
- 36.7%
- Net Loss (Q2 FY26)
- Rs 418 crore
- Revenue (Q2 FY26)
- Rs 690 crore
- Stock Price (Closing, Friday)
- Rs 32.3 per share