SoftBank-backed Indian hospitality chain OYO cuts jobs in US

SoftBank-backed Indian hospitality chain OYO cuts jobs in US

Visual from OYO website

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.

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