Ola Electric, based in Bengaluru, announced on 30 January that it would lay off about 5% of its employees as part of a reorganisation meant to increase automation and boost profitability. An electric two-wheeler manufacturer financed by SoftBank has said that it is “doubling down” on discipline and speed by automating more of its front-end processes.The company stated that it is committed to the development of a “leaner organisation” that is well-positioned for long-term, profitable growth. Ola Electric has been engaged in a business turnaround effort as a result of the initial successes obtained through its Hyperservice programme and service-led execution reset. The company has now achieved same-day resolution for more than 80% of service requests nationwide.Ola Changing the Face of its Business OperationsThe business stated that while it streamlines processes, it is still committed to providing a better client experience. In March 2025, it had already laid off over 1,000 workers, claiming that technology had increased productivity. Legacy companies like Bajaj Auto, Hero MotoCorp, and TVS Motor, as well as rival Ather Energy, have been posing a greater threat to Ola Electric. Since the company’s August 2024 market debut, its shares have dropped by more than 57%. Furthermore, the… Read MoreStartupTalky- Business News, Insights and Stories
