Grapevine: Ola Electric to cut jobs; Softbank may offload more stake in Paytm
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Grapevine: Ola Electric to cut jobs; Softbank may offload more stake in Paytm

By Sreeja Biswas

  • 03 Jun 2024
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Grapevine: Ola Electric to cut jobs; Softbank may offload more stake in Paytm
The SoftBank logo at its headquarters in Tokyo | Credit: Reuters

Ola Electric is set to lay off 400-500 employees in the coming weeks as founder Bhavish Aggarwal intensifies efforts to cut operating costs ahead of its initial public offering (IPO), a media report said. The final number of job cuts may vary as the leadership team of the electric two-wheeler maker ......

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