SoftBank-backed Ola to cut ~ 35% workforce amid COVID-19 crisis

SoftBank-backed Ola to cut ~ 35% workforce amid COVID-19 crisis

SoftBank Group-backed Ola has decided to cut 1,400 jobs, or about 35% of its workforce, as it tries to steer through the Covid-19 economic crisis. Ola now joins a list of start-ups, including SoftBank-backed WeWork, restaurant aggregator Zomato and food delivery service Swiggy, that have laid off employees to cut costs as the pandemic has cause economic devastation globally.

Milan
Milan
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