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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...- Oyo to pay 8 months’ salary as part of Covid-19 bereavement supportOyo wants to do more not just for its employees, but also for the “extended Oyo family”, Oyo Rooms CEO Ritesh Agarwal says.
- OYO to cover COVID-19 vaccination cost for employees, family members in IndiaThe employees and their family members in India can choose to get the vaccination done at any centre, convenient to them and the costs woul...
- Oyo has $1 billion to fund operations until IPO, CEO tells employeesThe company's focus is on getting revenue per available room to 60% to 80% of pre-pandemic levels across all markets, Oyo founder Ritesh Ag...
- 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...
- SoftBank partners with Oyo in Latam in move for more oversightSoftBank said it started the partnership with Oyo in Latin America in 2019 and the investment has been recently formalized with the creatio...
- 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...
- 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.
- 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...
- 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...
- Everyone's favourite startup Oyo is hit hard by hyper growth, a supposed toxic work culture. Can it hit refresh?When Oyo was everyone’s favourite startup, there would be regular reports of the company aggressively entering newer markets. In the last t...
- Corporates cut back on business with Oyo because of service, quality issuesOwing to multiple issues hovering around Oyo Hotels & Homes ranging from safety and security of women to service and quality issues, severa...
- 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.
- Chinese media goes to town on Oyo layoffs, company denies itNews reports say firm sacked about 1,000 employees at its subsidiary Oyo Jiudian.
- Oyo plans to share its tech with others in the businessThe hospitality firm said its in-house stack of proprietary technologies is powering more than 20 applications for customers, asset owners ...
- OYO offers to buy shares from employees, ex-workers for up to Rs 50 crThe company expects the total ESOP liquidity programme to be worth around USD 150 - USD 200 million over the next few years.
- OYO Esops to get 2,000 more stock optionsThis takes the number of shares issued by the company to 8,893. OYO has over 10,000 employees.
- OYO approves new ESOP plan with additional benefitsThe ESOP will be administered by a compensation committee formed by the board of directors, which will establish procedures for the adminis...
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