OYO to downsize 3,700-employee base, cut 600 jobs
Deccan ChronicleNew Delhi: IPO-bound travel tech firm OYO on Saturday announced it will downsize about 10 per cent of its 3,700-employee base by cutting 600 jobs in the technology and corporate verticals and hiring 250 members, primarily in the relationship management teams. It is downsizing its product & engineering, corporate headquarters, and OYO Vacation Homes teams, while it adds people to the partner relationship management and the business development teams. "OYO will downsize 10 per cent of its 3,700-employee base, which includes fresh hiring of 250 members and letting go of 600 employees," a statement said. The company will be adding 250 members primarily in its relationship management teams to ensure better consumer and partner satisfaction, and in business development teams to help scale up the number of hotels & homes on its platform.
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OYO to downsize 3,700-employee base, cut 600 jobs
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