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Ola was able to lay off about 200 workers from the product and technology teams in a restructuring exercise.
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Companies in the field of technology are under attack around the globe.
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The dismissed employees are employees of the Ola Cabs, Ola Electric, and Ola Financial Services verticals.
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The company is said to have offered severance plans in line with the notice periods following the layoffs that started earlier this week.
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“We regularly conduct restructuring exercises to improve efficiencies, and there are roles which are now redundant."
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"We will continue making new hires in engineering and design including senior talent in our key priority areas,” said an Ola spokesperson.
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The news comes a few months after Ola changed its plans to eliminate 200 engineering jobs.