Bengaluru: The coronavirus pandemic has severely hit the businesses across the country. Amid the crisis, taxi aggregator Ola has decided to issue pink slips to 1,400 employees due to revenue loss of over 95 per cent in the last two months.
Company’s CEO Bhavish Agarwal informed the team via an internal email on Wednesday.
“The fallout of the virus has been very tough for our industry in particular. Most importantly, this crisis has affected the livelihoods of millions of our drivers and their families across India and our international geographies. The company has decided to downsize and ‘let go’ of 1,400 employees,” Aggarwal’s email was quoted by One India.
Also Read: Corona Crisis To Push 120 Million Indians Into Poverty Leaving 135 Million Unemployed: Reports
Bhubaneswar: A youth was critically injured reportedly in an armed attack by some miscreants in…
Lucknow: Imagine a man trying to kill his wife because she confided in him that she…
Kendrapada: Lightning strike during northwesterly killed two more persons including a woman in Odisha's Kendrapada district…
New Delhi: More than five weeks after being arrested by Enforcement Directorate, Arvind Kejriwal has not…
Bhubaneswar: With BJD president and Chief Minister Naveen Patnaik taking the lead in kicking off…
Bengaluru: A consumer court here has ordered Swiggy to pay Rs 3,000 as compensation and…
Bhubaneswar: What is common between Nandan Nilekani, Kota Harinarayana, Narayana Murthy, Damodar Acharya, BK Syngal,…
Bhubaneswar: The Odisha Pradesh Congress Committee (OPCC) has proposed to AICC for nominating Sofia Firdous…