India, Nov. 28 -- As part of a broader transformation effort aimed at improving operational performance and profitability, Ola Electric will lay off about 500 employees. Although the specific positions that the layoffs would impact have not been specified, reports suggest that workers in various areas may be impacted. Restructuring is required to ensure the business can successfully compete in a changing market. The corporation wants to save expenses without sacrificing necessary services. Ola Electric intends to reduce its employment and streamline operations to improve its financial status. Ola Electric is now experiencing significant financial losses. Despite intense competition and operational obstacles, managing expenses and producin...