OYO

OYO to lay off several furloughed employees in US

OYO to lay off several furloughed employees in US

In a leaked email accessed by Skift, OYO Chief Operating Officer Abhinav Sinha said that owing to the pandemic, OYO US would not be in a ...Read More

OYO announces ESOPs for all furloughed employees impacted by COVID-19

OYO announces ESOPs for all furloughed employees impacted by COVID-19

On April 8, OYO founder and Group CEO Ritesh Agarwal had said in a letter and video message that the company will place a certain number ...Read More

OYO cuts fixed pay of all by 25%

OYO cuts fixed pay of all by 25%

The company currently has around 10,000 employees in the country.

OYO cuts fixed pay of all by 25%, asks some India employees to go on leave

OYO cuts fixed pay of all by 25%, asks some India employees to go on leave

OYO on Wednesday asked some of its staff in India to go on leave with limited benefits from May 4 for four months, and also asked all emp...Read More

OYO to slash about 5,000 jobs globally

OYO to slash about 5,000 jobs globally

New Delhi: Softbank-backed Oyo Hotels is reportedly going to cut its global workforce by about 5,000 to 25,000 people, with the deepest r...Read More

CCI orders detailed probe against Make My Trip, OYO

CCI orders detailed probe against Make My Trip, OYO

While ordering the probe, CCI also noted that a case against MMT and OYO for entering into a vertical arrangement having an appreciable a...Read More

OYO net loss widens 3X in 2018-19 on china expansion

OYO net loss widens 3X in 2018-19 on china expansion

The business operations in India, a mature market for the company, contributed nearly 63.5% or $604 million to the total revenue as the b...Read More

OYO to lay off over 1,000 people in India

OYO to lay off over 1,000 people in India

In an internal mail to the employees of OYO in India and South Asia, the company's founder and Group CEO Ritesh Agarwal said that asking ...Read More

OYO to let go 1,000 people in India as a part of restructuring of team

OYO to let go 1,000 people in India as a part of restructuring of team

One of the implications of the new strategic objectives for 2020, is that, like the leadership team, OYO will reorganise more teams acros...Read More

OYO appoints Ankit Gupta as COO

OYO appoints Ankit Gupta as COO

New Delhi: OYO Hotels & Homes on Friday said it has appointed Ankit Gupta as chief operating officer and senior vice president for it...Read More

Aditya Ghosh steps down as OYO CEO

Aditya Ghosh steps down as OYO CEO

New Delhi: According to media reports, Aditya Ghosh has stepped down from the chief executive officer position for India and South Asia a...Read More

Will OYO sacrifice profitability as it competes in Southeast Asia?

Will OYO sacrifice profitability as it competes in Southeast Asia?

Singapore: A filing with India's Ministry of Corporate Affairs last week revealed that burgeoning hospitality chain OYO Rooms (also known...Read More

OYO's net loss widens to Rs 2,385 crore for FY19

OYO's net loss widens to Rs 2,385 crore for FY19

The company had posted the net loss of Rs 360.43 crore for the preceding fiscal, the report said.

CCI orders probe against MakeMyTrip-GoIbibo, OYO

CCI orders probe against MakeMyTrip-GoIbibo, OYO

New Delhi: The Competition Commission has ordered an investigation against online travel agents MakeMyTrip-GoIbibo and hospitality servic...Read More

Oyo and Walmart sponsors Howdy Modi's Houston event

Oyo and Walmart sponsors Howdy Modi's Houston event

The stage is all set for the mega "Howdy Modi" event where Prime Minister Narendra Modi will address over 50,000 Indian-Americans on Sept...Read More

FIR filed against Oyo founder Ritesh Agarwal by Bangalore hotelier for fraud and cheating

FIR filed against Oyo founder Ritesh Agarwal by Bangalore hotelier for fraud and cheating

The Whitefield police in Bengaluru have booked hotel chain OYO Hotels and Homes’ CEO and founder Ritesh Agarwal for cheating and criminal...Read More

OYO enters Mexico to expand in LatAm

OYO enters Mexico to expand in LatAm

New Delhi: Hospitality firm OYO has entered Mexico as part of its expansion plans in Latin American markets, sources aware of the develop...Read More

OYO, Cure.Fit, TapChief in top startups list

OYO, Cure.Fit, TapChief in top startups list

According to LinkedIn data, these 25 companies -- including Razorpay, Acko General Insurance, mfine, Udaan, Dunzo and Stanza Living -- cr...Read More

OYO to add 3,000 employees in India over 6 months

OYO to add 3,000 employees in India over 6 months

The development is aligned with the company's commitment towards investing Rs 1,400 crore by the end of 2019 in India and South Asia busi...Read More

OYO ties up with ACKO to introduce complimentary insurance cover for guests

OYO ties up with ACKO to introduce complimentary insurance cover for guests

New Delhi: Hospitality firm OYO said it has partnered ACKO General Insurance to launch complimentary insurance cover for guests at bookin...Read More

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