Ola likely to lay off up to 500 employees

The ride-hailing app Ola is aiming to lay off up to 500 employees across departments as it attempts to reduce costs and streamline operations in the midst of the ongoing funding winter as Bhavish Aggarwal concentrates his efforts on Ola Electric. According to reliable sources, SoftBank-backed Ola has asked senior executives to find employees in their teams on performance basis who can be asked to go.