Ola Lays off 1,400 People, Co-founder Bhavish Aggarwal Explains the Move in a Letter to Survive COVID | In the News

After Zomato, Swiggy, Uber, WeWork, Cure.fit etc. Ola on Wednesday announced laying offs employees to survive Covid-19 impact.

“Shared mobility services like cabs may get pushed out for six-nine months post-Covid as consumers will be hesitant to book rides. The number of trips may get curtailed. So there will be a challenge for these firms. However, the value proposition of shared mobility is very strong and it will continue as a seminal trend,” Yugal Joshi, Vice President at Texas-based consultancy Everest Group had told Financial Express Online.

Read more in Financial Express

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