Covid-19 impact: Ola to lay off 1,400 employees

Ola

Business have slipped 95% in the last two months due to the coronavirus epidemic and the subsequent lockdown, according to Ola.

CEO Bhavish Agarwal

Ola CEO Bhavish Agarwal said the startup’s revenue had fallen 95% in the last two months and the business forecast is now very vague and uncertain. He said the impact of the crisis will continue for the company for a long time because of the spread of the corona virus.

“The virus crisis is very severe for our industry. In the last two months, our revenues have fallen by 95 per cent. Most importantly, this crisis has affected the livelihoods of millions of drivers and their families across India.

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