Ola Electric Faces Layoffs Amid Restructuring Efforts

• Ola Electric is cutting 300-400 jobs, mainly in manufacturing and supply-chain management, to improve margins and achieve profitability.
• The company has previously laid off employees and shut down divisions to focus on its EV business.
• Despite revenue growth, the Central Consumer Protection Authority is investigating unresolved consumer complaints against Ola Electric.

Source: The Economic Times, Abp News