Tag: CEO Ritesh Agarwal
Oyo Is Firing Several Workers Across India And China
Oyo Hotels is firing thousands of workers across China and India, people familiar with the subject said, adding to increasing signs of stress at one of the biggest startups in SoftBank Group Corp.’s portfolio. The firm has let go of 5% of its 12,000 agents in China partly due to non-performance while dropping 12% of its 10,000 staff in India, one of the people responded. It intends to drop another 1,200 in India.
