India's Ola will cut about 200 engineering jobs to reduce redundancy across its two main businesses of ride-hailing and electric vehicle manufacturing, the SoftBank Group -backed company said on Monday.
An employee speaks over his phone as a private security guard looks on at the front desk inside the office of Ola cab service in Gurugram, previously known as Gurgaon, on the outskirts of New Delhi, India, April 20, 2016.
"Ola is building on common capabilities and synergies across functions as it strengthens its play across two-wheelers, four-wheelers, cell research and manufacturing," the company said in a statement.To that end, said Ola, it plans to boost its engineering workforce to 5,000 over the next 18 months from around 2,000 currently, as part of an "influx of hiring" for roles in vehicle engineering, sourcing, product management and data science.
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