2022 Year in Review | Udaan, Ola and Oyo log most senior executive exits this year

At least 50 top executives – ranging from C-suite to category and business heads – left Udaan in 2022, as the company grappled with funding and business model issues, even as two of its founders moved away from active roles over the course of the year.

People close to the company’s hiring plans had told ET that the layoffs were more of a “repurposing process” than a “cost-cutting” exercise.Ola declined to respond to ET’s queries.“There is a lot of attrition in Ola. That is one company where you’ll always see a high churn,” said Anshuman Das, managing partner at Longhouse Consulting.

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