OYO
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Trends
OYO announces ESOPs worth ₹130 crore for employees
OYO is now granting employee stock ownership plans worth a total of around INR 130 crore to all its furloughed…
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Trends
India’s Oyo furloughs thousands of employees as revenue drops by over 50%
Oyo has placed thousands of employees on leave and furloughs for up to three months in the U.S. and several…
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Trends
Oyo to cut about 5,000 jobs in broad overhaul
OYO Hotels is cutting its global workforce by around 5000 to 25000 people, with the deepest reductions in China after…
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Trends
SoftBank-backed Indian startup Oyo to cut 5,000 jobs globally
Oyo said on Wednesday it is laying off 5,000 people from its global workforce as the Indian budget hotel startup…
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STARTUPS
Investors in LatAm get bitten by the hotel investment bug as Ayenda raises $8.7 million
Some of Latin America’s leading venture capital investors are now backing hotel chains. In fact, Ayenda, the largest hotel chain…
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Trends
OYO Looks Set To Bounce Back
CEO of OYO India, and South Asia, Rohit Kapoor, took to Twitter on Monday to publicly announce the results of…
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STARTUPS
Equity Monday: Oyo’s losses, global growth concerns, and four early-stage rounds
Good morning friends, and welcome back to TechCrunch’s Equity Monday, a short-form audio hit to kickstart your week. Regular Equity episodes…
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STARTUPS
Oyo’s revenue surged in FY19, but loss widened, too
Budget-lodging startup Oyo reported a loss of $335 million on $951 million revenue globally for the financial year ending March…
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