Ola’s layoff: Ola will not lay off 200 engineers as planned

Ola, which uses taxis, has decided not to lay off the 200 engineers the company was planning to lay off earlier, according to informed sources. In September, reports emerged of these 200 engineers being fired through their ride-hailing and fintech businesses in a new round of layoffs.

Employees were informed of the plan change at an open meeting chaired by some of the company’s top technology leaders.

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The layoffs accounted for 10% of the company’s engineering workforce. The Bengaluru-based company said at the time that it had increased its engineering staff to more than 5,000 in the next 18 months as it doubled down on cell manufacturing, a four-wheeler project, and other efforts related to electric vehicles and mobility.

Ola has yet to respond to inquiries sent by ET.

The Deccan Herald was the first to publish the story of the company’s latest decision.

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Ola has already laid off more than 1,000 employees as the company shuts down several other businesses such as the used car market, food delivery and groceries. The uncertainty within the company comes at a time when late-stage startups are struggling to rise amid global macroeconomic headwinds.

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