Read Oyo's letter to employees announcing job cuts
Friday, January 17, 2020 IST
In the few weeks, online hotel aggregator Oyo has sacked over two thousand employees across job roles and geopgraphies (Indian and China). The company is undergoing restructuring, leading to job cuts. The company's founder Ritesh Agarwal told staff that the focus of the company is on profitability as it is looks to balance. In a mail to employees, the 26-year-old CEO said, "I have no hesitation in admitting that, growing at the pace at which Oyo has in the past few years, we sometimes went ahead of ourselves and pressure-tested our organisation at multiple levels. This year, we are taking steps to address this."
Related Topics
Trending News & Articles
View Top 5 Mobile Chargers in India as on 08 Feb 2023. This rundown is compiled according t...
Recently posted . 6K views . 6 min read
HIGHLIGHTS
• Both laptops use the AMD Ryzen 5 3350H CPU and Radeon RX 560 GPU
• The...
Recently posted . 5K views . 2 min read
Rolls Royce cars are extremely luxurious. While there are many expensive pieces of equipment in Rolls Royce cars, their most relaxing feature is the silence that ...
Recently posted . 4K views . 2 min read