Showing Results for tag: OYO

OYO announces further furlough round and 25 per cent pay cuts

News Story / 23 April 2020

India: Just a fortnight after placing the majority of its employees on furlough or temporary leave, Softbank-backed hospitality chain OYO is furloughing more employees around the world and accepting a 25 per cent pay cut for all workers in July.

OYO places “thousands” of staff on furlough and temporary leave

News Story / 09 April 2020

Worldwide: Hospitality chain OYO Hotels & Homes has placed a “certain number” of its employees, known as ‘OYOpreneurs’, on furlough and temporary leaves “in the U.S. and other countries”, it was revealed in an internal video message recorded by CEO and founder, Ritesh Agarwal.

OYO founder Agarwal to forego 100 per cent of annual salary

News Story / 02 April 2020

India: Ritesh Agarwal, founder and group CEO of OYO Hotels & Homes, has announced that he is foregoing 100 per cent of his salary for the rest of the year as the company seeks to unite in the face of the impact of Covid-19 on the global travel and hospitality industry.

OYO announces 2020 priorities

News Story / 21 January 2020

India: Hotel start-up OYO, the next promising venture of Softbank’s Vision fund, has announced its goals for 2020.

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