Home Breaking Ola to layoff one,four hundred workers as Covid-19 pandemic hits revenues

Ola to layoff one,four hundred workers as Covid-19 pandemic hits revenues

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Ola to layoff one,four hundred workers as Covid-19 pandemic hits revenues

NEW DELHI: Cab aggregator Ola is laying off one,400 personnel from rides, money expert services and food stuff business as revenues declined by 95 per cent in the previous two months thanks to coronavirus pandemic, a notice by CEO Bhavish Aggarwal claimed.

In an e mail to workforce, Aggarwal produced it distinct that the prognosis ahead for the business enterprise is “incredibly unclear and unsure” and the effect of this crisis is “undoubtedly going to be lengthy-drawn for us”.

Extra on Covid-19

The fallout of the virus has been quite tough for our marketplace in particular. Our revenue has occur down 95 for every cent more than the earlier 2 months. Most importantly, this disaster has affected the livelihoods of millions of our drivers and their households across India and our global geographies,” he mentioned.

The organization has made the decision to downsize and “enable go” of 1,400 employees, Aggarwal added.





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