Ola backtracks on its plan to fire 200 software engineers

The layoffs would have constituted 10% of the company’s engineering workforce. Employees were informed about the change in the plan by some of the senior tech leaders of the company.

Ola had already laid off over 1,000 employees. The uncertainty within the firm comes at a time when late stage startups are struggling to raise amid global macroeconomic headwinds.