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OYO JOB CUTS
IT cos slash US teams; D2C luggage brands hit turbulenceHappy Thursday! Indian IT firms have begun cutting jobs in their US teams, according to filings. This and more in today's ETtech Morning Di...- CFOs warn about job cuts in education sector in next 6 monthsAccording to a a survey of 600 CFOs by Coupa, a Cloud-based platform, 100 per cent of CFOs in the education sector responded with "reduce w...
- SoftBank-backed Oyo seeks to resurrect IPO after growth resumesOyo and founder Ritesh Agarwal are trying to pull off a successful IPO after a series of setbacks in their efforts to change the hotel and ...
- Oyo India offers voluntary separation or leave extension to employeesThe company said that for those who opt for VSP, the company will provide benefits such as financial assistance, relaxation on ESOP vesting...
- Oyo is slashing footprint and headcount in virus-hit JapanThe company’s expansion proved overly aggressive and it was scaling back even before the coronavirus outbreak, slashing staff in China by a...
- SoftBank-backed Oyo to offload more loss-making hotels amid pandemic: SourcesThe hospitality sector has been one of the worst affected by the coronavirus outbreak, with global and domestic travel coming to a near-hal...
- Oyo announces pay cuts, leave with limited benefits options for India staffOyo did not specify how many employees will be put on leave with limited benefits for four months in India but sources familiar with the ma...
- Virus hit Oyo puts Son's $2 billion guarantee at riskOyo risks turning into another problem startup for SoftBank and Son, still reeling from WeWork's meltdown.
- COVID-19: Oyo puts staff across the globe on furloughsThe firm is furloughing employees in countries excluding India, but not cutting jobs.
- Expecting a long lull due to Covid-19, Oyo gives pink slips to US staffThe job cuts have come amid the Covid-19 outbreak, which has caused more than 10,000 deaths in the US so far, crippled businesses and led t...
- Oyo founder, Ritesh Agarwal, to forgo pay for 2020Startups have started laying off staff and, in some cases, asking employees to take pay cuts as they look for ways to weather the impact of...
- Oyo entices virus-stricken hotels in Japan with cashThe coronavirus outbreak has contributed to a dramatic retrenchment in China, where Oyo is cutting about half of its staff. The company is ...
- Oyo to sack 5,000 worldwide as business catches a coldThe Covid-19 outbreak, which has ravaged the world's second-largest economy, has hit the hotel room aggregator's operations in China, Oyo g...
- Oyo's layoffs have hotel partners worriedHoteliers are unable to contact company representatives who were doing business with them.
- Oyo layoffs have hotel partners worriedSeveral existing hotel partners of Oyo expressed concerns over the job cuts at the SoftBank-backed company and said they had received no co...
- Oyo may cut more jobs to shore up its bottom lineExecutives say scale of layoffs ‘far larger’ than expected but Oyo denies any such plan.
- Oyo to shut doors on 2,400 Indian staffers, may let go more in MarchLayoffs will be in mid-management, business development, sales and operations roles, & tech teams.
- SoftBank-backed Oyo lays off thousands across India, ChinaSoftBank-backed Oyo plans to shed another 1,200 in India over the next three to four months, sources said.
- Layoffs at unicorn club set tone for tougher 2020Quikr has laid off close to 1,000 employees, which is about a third of its total 3,000 workforce over the last few weeks, said a source, ev...
- Why executives are quitting cushy jobs at large companies to join aggregators like OYO, Zomato and PractoAggregators are turning out to be strong draws for several people, who are lured by the challenges and learning opportunities that come wit...
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