Ola To Lay Off 1,400 Staff, CEO Says Pandemic Hit Revenues

"Unfortunately, the COVID crisis continues to unfold all around us causing unprecedented economic and social destruction... The world is not going to revert to the pre-COVID era anytime soon," Mr Aggarwal wrote in the note. (Read full letter here) The Ola CEO said the one-time exercise will be completed by the end of this week for the company's mobility business in the country, and by the end of next week for Ola Foods and Ola Fin...