https://techcrunch.com/2020/05/20/indian-ride-hailing-firm-ola-cuts-1400-jobs/

Ola said on Wednesday it is cutting 1,400 jobs in India, or 35% of its workforce in the home market, as the ride-hailing firm works to reduce its expense to steer through the coronavirus pandemic that has severely impacted mobility companies in the country.

Bhavish Aggarwal, co-founder and chief executive of Ola, shared the job elimination update with the team in an email today, in which he also revealed that the company’s revenue had dropped by 95% in the last two months as India enforced a stay-at-home order for its 1.3 billion citizens in late March.