Why does everyone want to increase prices, cut out employees only post election results?

Lawyer

Recruiter

Ola electric

Ola electric- Grapevine

A good friend of mine who was hired in Ola Electric (on campus 2022) as SDE has been put up on the performance improvement plan / PIP. 

Interesting part is that half of her team was laid off and remaining ones have been put up on PIP. Those on PIP are being asked to also pay for 3 months salary along with the joining bonus.

I don't think giving back 3 months salary and joining bonus is something she should accept? Like they're anyways ruining their career by putting them on PIP in first 10 months of their start of career?

Ola Electric Silent Layoffs

Analyst

Layoffs at Ola in engineering team. Any other team effected??

Generalist

Welcome to Indian Startups's Private Community

Why can't they streamline the company while building it? This is a fairly new company and it's just annoying to see the rich CEOs laying off people like it's nothing. 
This wouldn't happen if we had some better labour laws in the country.

Ola Electric Layoffs 😖

Ola started laying off again. This time they had fired all the freshers of 2022 batch . 
Every 2-3 months we see this situation.

Layoffs at Ola

Software Developer

Meesho will be firing 251 employees this week. I have many batchmates in this org and have heard nothing but good about this company.

Sad to see this economy claiming another victim in the form of Meesho.

Whoa!!! Meesho also joins the lay-off season

Product Manager

Ola rumoured to be laying off ~50% in their Cab Business : Product , tech and Ops. Heard from one ola employee.

Officially the company says it will lay off 10% of its workforce. But employees say the actual figure is more. Can someone give more information on this? At varanasi1950@gmail.com ?

Ola layoffs

Welcome to News Discussion's Private Community

- Ola Electric, which recently went public, has seen a significant drop in its market share in the electric two-wheelers segment over the past two months.
- The company's market share fell to 39% in July and further to 33% in August, according to Jefferies.
- TVS regained market share, reaching 19% in August from 15% in Q1 FY25, while Bajaj's share rose to 18% in August.
- Despite the decline, Ola Electric remains the dominant player, having sold 3,29,618 scooters in FY24, nearly double from FY23.
- Ola plans to launch affordable electric motorcycles by Diwali next year, maintaining its lead in the market. 

 Source: [Entrackr](https://entrackr.com/2024/08/ola-electric-market-share-drops-more-than-30-in-last-two-months/)

Ola Electric Market Share Drops Over 30% in Two Months

Journalist

Hubilo starting layoffs from tomorrow

Customer Success

Any chance of layoffs in swiggy in the technology department?

Software Engineer

Layoff

Program Manager

Welcome to Software Engineers's Private Community

I am expecting an offer from GoTo for a senior data science role. How good is the culture and whether they provide mobility to SG ? Safe to join GoTo given they had layoffs recently?  Thanks

Reviews on GoTo India (Formerly Gojek)?

Research Engineer

Is there any layoffs coming this quarter from Meta, Amazon, Apple, Google, Microsoft?

Is there any layoffs coming up in Big Techs?

Great layoffs nearing soon, Enjoy

There had been a bloodbath at Hero Vired. Most of the Bengaluru office has been laid off. All this was done very suddenly. They are now hiring in New Delhi. Stay away from this company, its a pack of cards waiting to fall. They will try to hire people telling them about the hero brand name, don’t fall for it, its being run by their most incompetent family member, Akshay Munjal. Stay away and spread the word.

Layoffs at Hero Vired

https://www.instagram.com/reel/DBL3lmbR8uk/?igsh=dHF6dDgzYW9wcXZ1

Layoffs restructuring 🤡

Yesterday, OLX Autos laid off people over email especially developers. Not sure of the numbers but know a guy who got laid off. Sad affairs.

OlX Autos Layoffs

Curious if layoffs are going to start happening in EV/mobility sectors especially after Ola last week. I’m hearing Spinny in the market is next. a friend was asked to start creating KT docs out of the blue and after he asked 4-5 folks from other teams, he found out several others had been asked to too. anyone at Spinny hearing this?
what about you folks at Ather, Hero etc?

Layoffs in mobility sector

Tesla to fire 10% workforce, 14000 employees brace for sacking.

Tesla Layoff:- Musk company to cut it's staff.

Project Coordinator

- Ola Electric's operating revenues surged by 93% to Rs 5,010 crore ($603 million) in FY24, while net loss increased marginally by 6% to Rs 1,478 crore ($178 million).
- The company is targeting a valuation of $4.25 billion to $4.5 billion for its IPO, a significant drop from its last private-market valuation of $5.4 billion.
- IPO filings reveal a reduction in the secondary component by 10%, with founder Bhavish Aggarwal cutting his share sale from 47.4 million to 37.9 million shares.
- Key cost items like R&D, employee expenses, and advertising have been kept in check, with R&D expenses down by 25% and employee benefits up by just 3%.
- Ola Electric sold 329,000 vehicles in FY24, achieving 115% growth and maintaining a 45-50% market share in electric two-wheeler sales. 

 Source: The Arc

Ola electric

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