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OYO PAY CUT
SoftBank slashes Oyo’s valuation to $2.7B; Zetwork’s revenue up six-fold in FY22Zetwerk, a business-to-business manufacturing services marketplace, said on Thursday its revenue jumped six-fold to Rs 4,961 crore in FY22 ...- Eye on revival, Oyo secures $660 million debtFidelity, Citadel, Varde Partners & other global investors subscribe to startup's TLB offer
- Oyo India staff seek adequate compensation, may move courtAfter announcing pay cuts in fixed compensation of up to 25% in April, Oyo had put some employees on LwLB for four months from May. On Tues...
- Geopolitical impact will be big risk for cos with global footprint: Ritesh AgarwalOyo has been hit hard by the pandemic and the company has in recent months announced management pay cuts, freeze on marketing spending and ...
- Senior executives quit Oyo, company extends furloughs for some employeesFor its employees on the leave with limited benefits plan, Oyo said it is offering a cash benefit equivalent to their notice pay basis last...
- 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...
- Softbank backed Oyo Hotels & Homes begins restoring salaries of employeesSoftbank backed Oyo Hotels & Homes has announced it is restoring full salaries of employees with a fixed compensation of upto Rs 8 lakh and...
- Battered by Covid-19, Oyo terminates lease contracts for two Gurgaon officesThe Covid-19 pandemic has resulted in Oyo undertaking a significant number of employee layoffs and furloughs, enforcing pay cuts and shutte...
- Oyo sends letter to staff stating it's making all employees shareholdersIn April, Oyo announced pay cuts and 'leave with limited benefits' options for its staff in India.
- Startups like Zomato, Oyo offer more Esops to staff to ease pay cut painIn April, Zomato initiated a voluntary salary reduction programme, which also offers affected employees’ additional stock in lieu of the ca...
- 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.
- Oyo suspends payments to hotels; Partners say clause not in contractOyo stated in the letter that since hotel revenues have dwindled and are unlikely to improve in the next few months it is constrained to ex...
- 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...
- Covid-19: Oyo chief to forgo remaining annual salaryThe company's entire executive leadership team has taken a voluntary pay cut starting at 25 per cent, with many opting for an additional un...
- 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 now plans to layoff 2,000 employees, the company says it may ‘replace some candidates’
- Hotels Body takes Oyo complaint to CCIHotel owners have accused Oyo of levying new charges on partners over the past two months on an ad hoc basis.
- OYO cuts losses to Rs 325 cr in FY17The SoftBank-backed company also said in the quarter ended June, it posted its highest grossing months with total booking value touching ne...
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