Ola Electric to Lay Off 5% Workforce Amid Restructuring and Sales Slump

• Ola Electric announced a 5% workforce reduction as part of a restructuring effort to build a "leaner organization."
• The company aims to increase automation in front-end operations for speed and discipline, focusing on long-term, profitable growth.
• Sales for Ola Electric, which is yet to turn a profit, declined in fiscal 2026, with rivals Ather Energy, TVS Motor, and Bajaj Auto surpassing it.
• This follows previous layoffs in March 2025 (1,000 employees) and November 2024 (500 employees) across various departments.
• The restructuring coincides with recent top-level exits, including CMO Anshul Khandelwal and CTO Suvonil Chatterjee in December 2024.

Why It Matters: Ola Electric is laying off 5% of its staff as it restructures for profitability amid declining sales and exits.