Within weeks of slashing workforce in India and China, Indian hospitality chain Oyo Hotels and Homes (OYO) is retrenching hundreds of employees in the US in a bid to keep its bottom line intact.
The SoftBank-backed unicorn (headquartered in Gurugram) has laid off around 360 people in the US, about one-third of its total headcount in the country, Skift reported. Jobs have reportedly been slashed across numerous categories, including business development managers, talent acquisition leads, and area general managers.
