SoftBank-backed Ola follows Uber with job cuts as revenue sinks
May 20, 2020 at 08:40 AM EDT
SoftBank Group-backed Indian ride-hailing company Ola will cut 1,400 jobs, or about 35% of its workforce, as it navigates a strict coronavirus lockdown that has halted 95% of its business, company chief Bhavish Aggarwal told employees on Wednesday.