Ola Workforce Shrinks Amid Profit Push as Rapido Gains Ground

Ola, the company behind Ola Cabs, is trying to make more money.

To do this, they have let go of many employees, more than half of their staff since last year.

At the same time, other ride-hailing services, like Rapido and Uber, are becoming more popular.

Rapido is gaining market share in the four-wheeler segment.

Ola's income has gone down, but their losses are less now.

Investors have also lowered the value of Ola.

The company is also focusing on its electric scooter and bike business to make profits.

Ola is facing tougher competition in India now.