More layoffs at Krutrim; PhonePe vs Paytm
Ola's AI startup Krutrim laid off 20-25 employees, nearly half its workforce, in a second restructuring this year, following previous cuts to sales and operations teams. The layoffs come as the company pivots to AI cloud infrastructure and enterprise services, amid ongoing financial pressures on the broader Ola Group. Employees have raised concerns over delayed reimbursements and final settlements, highlighting operational challenges within the company.