<ul><li>Ola Electric is set to lay off over 1000 jobs as part of cost-cutting measures.</li><li>The job cuts will impact various departments, including charging infrastructure, fulfilment, procurement, and customer relations.</li><li>Ola Electric aims to control costs, improve customer experience, and increase margins through restructuring and embracing automation.</li><li>The December quarter saw increased losses as a result of stiff competition in the electric vehicle space, poor sales, and growing net loss.</li></ul>

Ola Electric to lay off 1000+ jobs, cut losses

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