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

Taxi aggregator Ola said on Wednesday that it will lay off 1,400 of its staff. In a note to the company’s employees, CEO Bhavish Aggarwal said the coronavirus pandemic hit Ola’s revenues. The layoffs at Bengaluru-based Ola Cabs come as the country remains in the fourth phase of a nationwide lockdown to curb the spread of the coronavirus pandemic, which has pushed the economy into a standstill and forced many businesses to trim operations.

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