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OYO LAYOFF
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...- Exclusive: Dealshare lays off 100 employees; Oyo eyes first profitable yearLast year, Dealshare expanded to 150 cities and towns across India as it chased growth above all else. Now, the company has laid off 100 em...
- Oyo to layoff 600 employees as part of 'wide ranging' changes in organisation structureOyo says it's downsizing people in its product and engineering teams, but also hiring staffers in relationship management and business deve...
- Oyo said to file for $1.2-billion IPO next weekOyo is looking to list in Mumbai and its IPO is tentatively pegged at between $1 billion and $1.2 billion. It will consist of a fresh issue...
- SoftBank pulls out of Latin America partnership with Oyo HotelsSoftBank says the decision was made jointly with Oyo due to challenges brought about by the coronavirus pandemic, and that it would no long...
- 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 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 gives B-schools a miss amid company rejigThe SoftBank-backed hospitality chain, which is under pressure to rein in costs and streamline operations, has/will be giving most Bschools...
- 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.
- Oyo notifies employees about layoffs via emailsLayoffs in Delhi and Jaipur were communicated to the staff on Monday, while in Gurgaon employees were notified on Tuesday.
- 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...
- Oyo likely to lay off 2,000 people by January endDivisions like sales, supply and operations will account for a chunk of the layoffs, sources said.
- OYO now plans to layoff 2,000 employees, the company says it may ‘replace some candidates’
- Oyo plans to lay off sales staffAbout 60 salespeople in Oyo’s New Delhi and Gurgaon offices were the first to be fired and got their letters on Monday.
- Oyo to recast biz into 3 units to streamline operationsThe move will give the company “sharper focus” and “better alignment” besides “improve competitiveness”, according to the filing.
- Chinese media goes to town on Oyo layoffs, company denies itNews reports say firm sacked about 1,000 employees at its subsidiary Oyo Jiudian.
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