Oyo may cut more jobs to shore up its bottom line
Executives say scale of layoffs ‘far larger’ than expected but Oyo denies any such plan.
Oyo notifies employees about layoffs via emails
Layoffs in Delhi and Jaipur were communicated to the staff on Monday, while in Gurgaon employ...
Oyo to shut doors on 2,400 Indian staffers, may let go more in March
Layoffs will be in mid-management, business development, sales and opera...
SoftBank-backed Oyo lays off thousands across India, China
SoftBank-backed Oyo plans to shed another 1,200 in India over the next three to four months, sources said.
Oyo to end unprofitable contracts as SoftBank sets pre-IPO deadline
The company runs about 800 hotels under a self-operated business model, where it makes investments and has leasing arrangements with property owners. It is likely to phase out contracts under the segment that is not Ebitda-positive by March 31. Plans are also afoot to shut down ancillary businesses that do not post an operating profit by July as per a mandate from SoftBank.
Unguarded servers behind big Indian data breaches of 2019
The cost of response mechanisms such as detection and notification processeas are high, while company share prices are likely to drop along with revenue, impacting overall brand value. On their part, ethical hackers have criticised domestic internet-consumer companies for a lack of bug bounty programmes following reporting of cyber breaches.
At SoftBank’s jewel, Oyo, a ‘toxic’ culture and troubling incidents
The company expects to lose money through at least 2021, and efforts to expand in Japan have flopped.
Co-living firms partner with realty companies for customised spaces
With estimated rental yields as high as 9%, startups plan to pay either a fixed monthly payout or strike a revenue-share deal.
Why is it hard for hotels to trust Oyo?
Many hotels have severed ties with Oyo citing alleged discrepancies in contracts and payments.
BMW boss spends last days of 2019 in the wild, OYO’s Aditya Ghosh goes rock climbing with his son
BMW India President spent the last week of the year with wildlife at Ranthambore National Park.
Oyo appoints former McKinsey executive as COO
Gupta is entrusted with the responsibility to strengthen and consolidate existing opportunities in the co-living, student housing, self-operated hotels, and rental homes businesses of the company in India and South Asia under the frontier businesses umbrella.
Guess how much Sequoia executives made from Oyo
The windfall for the fund executives comes on the back of RA Hospitality, a special purpose vehicle domiciled in the Cayman Islands, recently buying Oyo shares worth $1.3 billion from these two venture firms on behalf of Agarwal.
Oyo likely to lay off 2,000 people by January end
Divisions like sales, supply and operations will account for a chunk of the layoffs, sources said.
What's inside Oyo's 'Raho Mast' campaign?
Oyo's campaign has been conceptualised and conceived in-house under the charge of Mayur Hola, creative head, India, and SE Asia, for the company. The three films shot by Chrome Pictures show different use-case scenarios.
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