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SoftBank-backed Ola follows Uber with job cuts as revenue sinks

SoftBank Group-backed Indian ride-hailing company Ola will cut 1,400 jobs, or about 35% of its workforce, as it navigates a strict coronavirus lockdown that has halted 95% of its business, company chief Bhavish Aggarwal told employees on Wednesday. [Source]

Publication Date:

Origin: reuters.com

Category: technologyNews

Topics: company, employees, Aggarwal, Bhavish, chief, business, halted, lockdown, coronavirus, strict, navigates, workforce, ride-hailing, Indian, Group-backed, SoftBank, sinks, revenue, follows, SoftBank-backed

Source: http://feeds.reuters.com/~r/reuters/technologyNews/~3/BLqV3yBFVjk/softbank-backed-ola-follows-uber-with-job-cuts-as-revenue-sinks-idUSKBN22W17M