Ola Electric is slashing over 1,000 jobs to tackle soaring losses, hitting Rs 562 crore last quarter—up from Rs 374 crore a year ago. It’s the second layoffs round after 500 cuts in November. Facing Bajaj Auto’s competition, Ola’s automating, restructuring, and using its 4,000 stores for inventory to boost margins and reclaim its EV edge.
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