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OYO to lay off over 1,000 people in India as part of restructuring across businesses, functions to trim redundancy
FirstpostNew Delhi: Hospitality firm OYO is planning to let go over 1,000 people in India as part of its restructuring and reorganisation of teams across businesses and functions to trim redundancy. 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 some of the colleagues to move to a new career outside of OYO has not been an ’easy decision’. News 18 One of the implications of the new strategic objectives for 2020, is that, like the leadership team, OYO will reorganise more teams across businesses and functions, Agarwal said. And this means that, unfortunately, some roles at OYO will become redundant as the company further drives tech-enabled synergy, enhanced efficiency and removes duplication of effort across businesses or geographies, Agarwal said.
History of this topic
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