MUMBAI: Less than four months after Ola Electric got listed on the bourses, it is laying off 500 employees as part of a restructuring exercise, sources told TOI. Employees across departments will be impacted by the move, which is being undertaken as part of the firm's broader attempt to check costs and attain profitability. "The company wants to optimise its workforce and remove inefficiencies from the system," a source said. Ola Electric declined to comment. Ola Electric posted losses of Rs 495 crore in the Sept quarter on a consolidated basis. Losses, though, narrowed marginally on a year-on-year basis, increased sequentially. Earlier this year, sister concern Ola Consumer (formerly Ola Cabs) had also laid off close to 200 or about 10% of its employees in a restructuring exercise. Listed startups are constantly scrutinised by the public markets which reward profitability. Ola Electric joined a batch of startups like FirstCry and Swiggy, which made their public debut on Dalal street this year. Bhavish Aggarwal led Ola Electric has of late come under the scanner of the Central Consumer Protection Authority (CCPA), which has ordered an investigation into complaints of deficiencies in services and products by the company. Despite Ola Electric's claims of addressing 99% of grievances, the CCPA has found that a large share of consumer complaints remained unresolved. Ready to Master Stock Valuation? ET's Workshop is just around the corner!
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In conclusion, the release of the theme song "Ethereal" has sparked excitement and anticipation for the upcoming film "Xiao Qian," promising a tale of romance, destiny, and everlasting love. Through its evocative music and poignant lyrics, "Ethereal" serves as a powerful ode to the enduring bond between Xiao Qian and Ning Sheng, inviting audiences to embark on a journey of love and discovery that will linger in their hearts long after the credits roll.New details on Scottsdale police detective killed in the line of duty
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The Las Vegas Raiders are one of the most obvious candidates to select a quarterback with their first-round pick in the 2025 NFL Draft. Over recent months, there have been many rumors about there being mutual interest between the Raiders and Colorado quarterback Shedeur Sanders. Owner Mark Davis speaking with the quarterback at a Las Vegas Aces game certainly helped fuel the rumors and so have some of the comments made by the Sanders family . However, the one thing that was giving these rumors the most life was Sanders' social media activity. Prior to Week 12, Sanders had posted "Thank you GOD" on X after every Raiders loss . Ron Chenoy-Imagn Images However, it may have simply been a coincidence. Sanders posted the same message again on X on Sunday but did it during the first quarter of the Raiders game against the Denver Broncos. Raiders fans who are hopeful that the team will draft Sanders were very disappointed that the "myth is debunked," as The Athletic's Tashan Reed posted . to early bro FML #RaiderNation https://t.co/3HZUvVJVzQ While many Raiders fans were concerned that this meant that Sanders wasn't eyeing Las Vegas, some fans pointed out that he posted it shortly after the Tennessee Titans won, which improved the Raiders' position in the draft. Bro was hype the titans lost. Helps the Raiders https://t.co/vUd86Jry5s "Waaaitttt the raiders didn’t lose yet," one commenter wrote , which echoed many of the comments under Sanders' post. It's difficult to know whether or not this is a coincidence. Sanders' social media activity has been something Raiders fans have been eyeing so it's possible that he knows fans are watching him and he posted the message to keep everybody on their toes. Related: Antonio Pierce Admission Puts Raiders' Job Status In Question‘I am proud of myself’: Swimming champion Emma McKeon announces retirementMatt Gaetz withdraws from consideration as attorney general, citing opposition of John Curtis and others