India's OYO to lay off majority of furloughed staff in US

India's OYO to lay off majority of furloughed staff in US

Visual from OYO website

Two months after hospitality unicorn Oyo (Oravel Stays Pvt Ltd) furloughed staff to save cash, the company has now informed employees in US that a large number of them will have to be laid off. They will, however, be given stock options.

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter