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- 1. Management perspectives Presented by Ritika sharma Presented to dr. Aubid H. Parrey
- 3. About the article Bangalore-based cab aggregator, has started laying off people. The company has handed pink slips to 200 people across tech, engineering and product teams as a part of its “restructuring exercise”. Those sacked are from Ola Cabs, Ola Electric and Ola Financial Services teams. Employees from the engineering team have been impacted the most. In 2022, the company announced its plans to lay off as many as 1,000 employees. It had asked the employees to resign voluntarily.
- 4. Does not stay on one business Ola has had a long history of closed businesses as founder Bhavish aggarwal rushed from one big idea to the other. In April, the company reportedly let go of 2,100 employees operating its dark stores for Ola Dash. It had started scaling down the dark stores and had put its expansion plans on hold. That’s why their business is not long lasting because they shift from one business to another and keep the old business on hold. Without solving the problems. This proves that the management in that business is not being done properly. People have to face great difficulties because their specialisation need starts decreasing in new business and they start resigning.
- 5. Reason behind Ola is cutting jobs and has deferred the performance appraisal of employees for the year, as the mobility platform is restricting some of its businesses amid a tightening funding environment globally. Company stops giving appraisal so that employees give resign voluntarily. Ola has been facing some difficult situations since the pandemic began in 2020 and this is the latest round of layoffs being conducted by the company. In 2020, the company laid off 1,400 people as lockdowns hit ride-hailing firms badly.
- 6. Solution They should first grow their old business. Only after that attention should be paid towards new business. And even if they are changing business, then the old employees should also get work in the new business. They should create new business in such a way that the old ones also get work. Because experience matters a lot.