India’s Ola Electric will lay off 5% of its workforce as part of a restructuring effort, the electric scooter manufacturer said on Friday.
The company is “doubling down” on speed and discipline through increased automation across its front-end operations, it said in a statement, adding that it is building a “leaner organisation” positioned for long-term, profitable growth.
Sales for Ola Electric, which is yet to turn a profit, slid for much of fiscal 2026, with rival Ather Energy and legacy players TVS Motor and Bajaj Auto overtaking.
The SoftBank-backed firm last cut jobs in March 2025.
Reuters
