MGT-3003 News Article

Analysis
S Vijay Balaji Goli Kishan
Abhiram Kalyan Shiva Sai Kumar
M Sri Santhosh Reddy Chethan Tirupati
Downsizing of employees to
maintain profitability.
Why?
What changed?
How to recover from this?
An In-depth Analysis
Overview of the topic

❖ Why we picked this article.

❖ Understanding the scenario since
covid.
❖ Other similar cases.
❖ About the organization.
 ❖ About the organization.
❖
Ola ❖
History.
Subsidiaries and services.
❖ Defunct services.
Detailed Analytics
Year Revenue (In crores) Profits/Loss (In crores)

FY 2017 1,177 -4,898

FY 2018 1,847 -2,843

FY 2019 2,543 -2,593

FY 2020 2,721 -2,213

FY 2021 1,039 -839

Ola Timeline Analysis

Ola Cafes & Ola Stores Ola Foods Ola Cars & Ola Dash
Started new services Purchased FoodPanda.

2015 2017 2019 2021 2022

Companies Companies
Shutdown Shutdown
Ola cafe And Ola Stores Ola Foods
Why Did Ola Shut Down Ola Dash and Ola Cars?

❖ No Laser-Sharp Focus
❖ Uncertain Nature of Quick
Commerce
❖ Future plans of Ola
Social impact of the Downsizing

● Downsizing

● Consequences of Downsizing
❖ Loss of Knowledge and
.

Experience

❖ Increased Workloads and

Pressure on Remaining

Employee

❖ Loss of Trust and Security

How do we overcome this problem?

❖ Response to Covid-19
❖ Guidelines issued
❖ Outcomes
❖ Strategies
❖ Overcomed it
Substitutes of
Layoffs

❖ Voluntary Retirement
❖ Work Remotely
❖ Cut back Extras
❖ Unpaid Sabbatical
Personal Opinion
❖ View on the ongoing
pandemic and its impact on
unemployment.
❖ Effects of this on the
economy of our country.
❖ How this might impact the
organization and employee
morale.
❖ What next?
Quick recap