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OYO undergoes senior management reshuffle ahead of IPO
Reading Time: 2 minutesIndia: Hospitality chain OYO has undergone a major overhaul of its senior management team led by founder and CEO, Ritesh Agarwal, ahead of the company’s proposed IPO.
Microsoft confirms OYO investment to digitally transform travel industry
Reading Time: 3 minutesIndia: Microsoft and travel technology company OYO have announced that they have entered a multi-year strategic alliance to co-develop next-generation travel and hospitality products and technologies. OYO will now adopt Microsoft Azure as a key enabler to drive cloud-based innovations and “reimagine” the hospitality and travel tech industry. The solutions will be geared to benefit […]
OYO to lay off 90 per cent of US workers
Reading Time: < 1 minuteUS: Hospitality chain OYO is planning to lay off 90 per cent of its employees in the United States. Most of the workforce was initially furloughed in April, with news spreading soon after that layoffs may be coming. According to revenue tracking site Layoffs.fyi, OYO’s revenues have fallen to 25 per cent below its January […]
OYO to lay off “large majority” of furloughed U.S. employees
Reading Time: 2 minutesUS: Indian hospitality chain OYO is believed to have informed those employees who have been furloughed from the company indefinitely that a “large majority” of them will not be kept on. It follows earlier reports in May that the Softbank-backed budget lodging startup was furloughing the majority of its U.S. and UK-based teams, as occupancy […]