The company supported by Softbank has also postponed the assessment because it aims to “a leaner and consolidated team” to maintain “strong profitability remains intact,” according to the source.In internal communication on the Slack communication platform, as was first seen by the Economic Times, Balachandar N., who is the Head of HR said that “We understand anxiety around the pushed (OLA Assessment Program)”.
“As you will know now, we are working on the restructuring of some of our businesses and will follow up with Driven,” read internal communication.The layoffs began as Shikharr Sood, the head of Ola’s talent acquisition, and was responsible for the acquisition of talent for all Ola groups, had included his letters.His resignation came in the middle of some resignation by the peak executive.
Some ex -executives said that “product complaints, unit closure and ‘acting quickly, thinking later’ culture has caused the new Ola problem”, reported CNBC.Last month, Ola closed the used vehicle business Ola Cars and Ola Dash, a fast commerce business.The company closed Ola’s car in one year after its launch, because it focused on the vertical two -wheeled and electric cars.
Ola has so far closed Ola Cafe, Food Panda, Ola Foods, and now Ola Dash.Meanwhile, Ola Electric, facing a government investigation of battery fires along with other EV players, has also seen several high profile exit in recent months.Earlier this week, Yashwant Kumar, Senior Director and Head of Business to fill in the network in the company, decided to move.
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