SoftBank-backed Ola follows Uber with job cuts as revenue sinks

SoftBank-backed Ola follows Uber with job cuts as revenue sinks

4 years ago
Anonymous $-9GJQVHNr8

https://www.reuters.com/article/us-india-ola-layoffs/softbank-backed-ola-follows-uber-with-job-cuts-as-revenue-sinks-idUSKBN22W17M

SoftBank Group-backed Indian ride-hailing company Ola will cut 1,400 jobs, or about 35% of its workforce, as it navigates a strict coronavirus lockdown that has halted 95% of its business, company chief Bhavish Aggarwal told employees on Wednesday.

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