Categories: Business

Ola To Lay Off 1400 Staff, CEO Says Pandemic Hit Revenues. Ola to lay off 1400 employees, CEO says this to employees


Ola To Lay Off 1400 Staff, CEO Says Pandemic Hit Revenues

new Delhi. Taxi service provider Ola is going to lay off about 1400 employees. The CEO of Ola Company said in a letter to employees that the corona virus will lay off 1,400 employees due to the pandemic affecting businesses.

Ola's Chief Executive Officer (CEO) Bhavesh Aggarwal issued a note to the employees saying that the company's revival in the last two months has fallen significantly due to the side effects of Kovid-19. Aggarwal said that while the company's earnings have fallen by 95 percent in the last two months, the future of the business is unclear, uncertain. There is currently uncertainty about the future situation due to the decline in revenue of the company. The corona virus epidemic has severely affected the economy.

Let me tell you, the services of Ola cab which was closed due to Corona crisis has started on Tuesday (May 19). At present, Ola provides cab service in more than 160 cities of the country. Ola has said that he is now following more safety standards than ever before for a safe and enjoyable and travel experience.

Swiggy will lay off 1100 employees

Here, Swiggy, an online home delivery company, is also going to lay off about 1100 employees in the next few days. The company said on Monday that the Corona virus crisis had negatively impacted its business. Therefore, it will reduce the number of employees in its various offices and head offices spread across the country. In an e-mail sent to employees, Swiggy co-founder and CEO Shriharsha Mazeti said, "We have to go through an unfortunate layoff of employees". He said that Kovid-19 has disbanded the company and still remains uncertain. During the next 18 months, the company has remained low in its business level due to fears of business turmoil.

Jomato will lay off 13% of its employees

Zomato, a company that provides online food-related services, said last Friday that it was going to lay off about 13 percent of its workforce due to the Corona virus epidemic. The company employs about 4,000 employees. Jomato founder and CEO (CEO) Deepinder Goyal said that many aspects of the company's business have changed dramatically in the last few months and many of these changes are going to be permanent. He said, 'We will continue to create a more focused Zomato but we do not see hope of getting enough work for all our employees. We will not be able to keep around 13 percent of the employees with us further. '

This post was published on May 20, 2020 11:03 pm

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