Archive · 31 Jan 2026
Ola Electric to lay off 5% of workforce
Ola Electric, a company that makes electric scooters, is letting go of 5% of its workers.
This means more than 500 people might lose their jobs.
The company is doing this to save money and work better.
Ola Electric used to be the leader in electric scooters, but now it has a smaller share of the market.
The company has also had other layoffs in the past.
The new chief financial officer is Deepak Rastogi, who replaced Harish Abichandani.
The company's stock price went up a little after the announcement.
Ola Electric announced a layoff of 5% of its workforce, impacting over 500 employees and workers.
The company aims to improve profitability and increase automation through this restructuring.
Ola Electric had 11,328 employees and 2,399 workers at its manufacturing facility as of FY25.
The company's market share in electric scooters has declined to 6% in January.
Ola Electric has previously conducted layoffs in March 2025 and November 2023.
- Who
- Ola Electric
- What
- Layoff of 5% of workforce
- When
- Announced on Friday (specific date not mentioned)
- Where
- Bengaluru, India
- Why
- Part of a restructuring exercise to improve profitability and increase automation
- Company
- Ola Electric
- Workforce Reduction
- 5%
- Estimated Impact
- Over 500 employees and workers
- Total Employees (FY25)
- 11,328 (permanent and non-permanent)
- Manufacturing Facility Workers
- 2,399 (permanent and non-permanent)
- Market Share (January)
- 6%
- Previous Layoffs (March 2025)
- Over 1,000 employees and contract workers
- Previous Layoffs (November 2023)
- Around 500 employees
- CFO Resignation
- Harish Abichandani
- New CFO
- Deepak Rastogi
- Stock Price (NSE)
- ₹32.51 (2% higher)
