The 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 has announced it is restoring full salaries of employees with a fixed compensation of upto Rs 8 lakh and...

While the country's economy has gradually begun to open up, albeit under a tight leash, the startups are beginning to reinstate the salarie...

In April, Oyo announced pay cuts and 'leave with limited benefits' options for its staff in India.

Companies may grant 12-15% of their overall stockholding to ESOPs to help staff hit by cuts, furloughs.

When contacted by ET, a spokesperson for CarDekho confirmed the layoffs and pay cuts, without answering specific queries or providing detai...

In April, Zomato initiated a voluntary salary reduction programme, which also offers affected employees’ additional stock in lieu of the ca...

Oyo 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...

The firm is furloughing employees in countries excluding India, but not cutting jobs.

The 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 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...

Startups 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...

The company's entire executive leadership team has taken a voluntary pay cut starting at 25 per cent, with many opting for an additional un...

Layoffs in Delhi and Jaipur were communicated to the staff on Monday, while in Gurgaon employees were notified on Tuesday.

Divisions like sales, supply and operations will account for a chunk of the layoffs, sources said.

Among roles, sales, marketing and operations are seeing the highest growth of around 50%.

Aggregators are turning out to be strong draws for several people, who are lured by the challenges and learning opportunities that come wit...