• Image Credit: Google

• Sep 19, 2022 | Guriya Khatun

The ride-hailing company stated that it presently employs roughly 2,000 engineers and plans to grow this number to 5,000 over the following 18 months.

Digital Desk: The leading ride-hailing company Ola explained on Monday that over 200 engineers, including some in the software sector, had been asked to leave its 2,000-strong engineer group as part of a bigger reorganisation effort toward its electrified ambition. This represents 10% of the headcount.

The business refuted claims that it had laid off 500 workers, stating instead that it was "centralising operations and executing a restructuring exercise to minimise redundancy and develop a strong lateral structure that reinforces important roles and responsibilities."

The news of roughly 500 employees being let go from ANI Technologies' multiple software divisions, which operate as Ola Cabs, was first reported by CNBC.

The ride-hailing company stated that it presently employs roughly 2,000 engineers and plans to grow this number to 5,000 over the following 18 months.

Nearly 1,100 people work for the Bhavish Aggarwal-led company's primary ride-hailing division.

Nearly 500 individuals at the corporation were affected by earlier restructuring exercises that "were a result of restructuring in the Cars and Dash companies." These employees worked in the company's verticals of product, marketing, sales, supply, technology, business, and operations.

The leading ride-hailing company recently closed Ola Cars, a used car company, and Ola Dash, a quick-commerce startup, in order to concentrate on its electric two-wheeler and car verticals.

In order to expand into new technical specialties and improve capabilities across the car, cell, battery, manufacturing, and autonomous streams, Ola says it aims to hire 5,000 engineers.

However, Ola Electric's sales are declining, as the business only sold 3,421 electric two-wheelers in August, down from 3,862 in July.