Now they plan to have self driving cars by Krutrim 🤭

Growth Manager

Software Engineer

Today years old to know Ola had international operations too

It's good that you didn't know all these years

Consultant

Welcome to Indian Startups's Private Community

Ola is shutting operations abroad

Ola is shutting operations abroad- Grapevine

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

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

Ula laid off 23%

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

Analyst

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

Olx laying off 15% of global workforce from various offices including india. Olx currently have 10000 employee.

Olx to layoff 1500

- Ola Electric, preparing for its IPO, saw a significant rise in import costs from China in FY24, despite receiving Indian government incentives for local manufacturing.
- The company's Red Herring Prospectus reveals that imports from China accounted for 37% of total material costs in FY24, up from 19% the previous year, underscoring its reliance on Chinese suppliers.
- Total material costs for Ola Electric reached Rs 4,390 crore, with Rs 1,624 crore coming from Chinese imports, highlighting a 75% increase from FY23.
- The surge in imports is attributed to increased production capacity and the need for essential components like lithium-ion cells and electronic circuits, sourced from China and other countries.
- Ola Electric aims to reduce import dependence by increasing factory localization, but the EV sector's reliance on China for key raw materials like lithium remains a critical issue. 

 Source: Moneycontrol

Ola Electric's Cost of Imports from China Surges in FY24

Never leaving this app

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

Generalist

After Ola snaps ties with Microsoft Azure satya nadella started to layoff hundreds of employees. This partnership costed huge to Microsoft Azure. A sad state of affairs Microsoft is in.

After Ola snaps ties with Microsoft Azure satya nadella started to layoff hundreds of employee

Software Test- QA

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

The restructuring comes just a few weeks after Ola Cabs initiated preliminary discussions with investment banks for an IPO.

Ola Cabs CEO Hemant Bakshi quits, company plans to lay off 10% staff as part of restructuring exercise

OLA is a tough place to work

- BeepKart, a used two-wheeler marketplace, has **laid off around 130 employees** in three rounds over the past five months.
- The Bengaluru-based startup also **closed six of its 11 stores** in Bengaluru and Chennai as part of a cost-cutting exercise.
- The layoffs and closures come amid a **funding crunch** and unsuccessful expansion efforts.
- BeepKart's attempts to increase margins by **raising prices** led to a loss of customers to competitors.
- The startup reported a **net loss of INR 28 Cr** on an operating revenue of INR 22 Cr in FY23.

Source: [Inc42](https://inc42.com/buzz/exclusive-beepkart-fires-130-employees-in-5-months-to-cut-costs-halves-store-count/)

BeepKart Lays Off 130 Employees, Shuts Half of Stores Amid Funding Crunch

Welcome to Software Engineers's Private Community

Hi everyone,

A UK based startup (a unicorn in past life!) has closed their shop in India.

Looking for referrals for iOS developer opportunities
Have 5+ years of work experience as a Frontend /iOS Engineer. Worked on building apps for global brands like USPA,Arrow, Soch etc in past role.

Company shut India ops, looking for referrals

https://news.ycombinator.com/item?id=40171125

Google layoffs clarity

Investor

Hubilo to cut workforce by 35%

Cloud architect

Welcome to Office Gossip's Private Community

Heard from some ex employee that their dues are pending and everyone fears the one time challenger Neo-MBA Alternative company has no funds and will to continue.  

Is it shutting down? Or are they pivoting again! ?? 

I was looking for switching from the current co (M). But the edtech scene looks bad now

Is Stoa closing doors?

Founder

Saw the latest interview of Bhavish Aggarwal with Shraddha (Yourstory). He looks very good, passion driven and a real change maker.  What do you folks think? Anyone who have worked directly or indirectly worked with him?

Around 30% of the staff have been laid off. Some teams have been completely laid off.
This is after the layoffs of around 15% around November/December last year.

More Layoffs at Ocrolus

Maximum employee got laid off across departments

Ola is shutting operations abroad

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