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Ola fires 1,400 employees, CEO says revenue down by 95% over past 2 months
short by Krishna Veera Vanamali / on Wednesday, 20 May, 2020
Ola on Wednesday announced it is firing 1,400 employees because of the coronavirus pandemic. Calling it the toughest decision he has ever taken, CEO Bhavish Aggarwal said the ride-hailing company's revenue has come down by 95% over the past two months. Every affected employee will receive a minimum financial payout of 3 months of their fixed salary, he further said.
read more at Hindustan Times