OYO

Oyo had put some of its employees on an unpaid temporary leave starting May 4 for four months.

In April this year, the company reportedly sent thousands of employees globally on leave for up to three months.

This is Oyo’s second round of layoffs in the US.

Indian hotel startup aims to shake up niche accommodation segment.

The company said the additional funds will help it achieve strategic objectives for 2020.

Eight members of senior management have also left the company since July.

Stung by rising costs and irate users, Indian decacorn puts the brakes on growth.

In China, which has been severely impacted by the coronavirus outbreak, Oyo plans to let go of 50% of its 6,000 direct full-time employees.