SoftBank-backed hotel chain startup Oyo is set to cut about 5,000 people, or 17% of its workforce, in the wake of the coronavirus outbreak.
Agarwal admitted the coronavirus outbreak has "hit us" in China, describing it as a "tough time for our hotel partners." SoftBank-backed hotel chain startup Oyo is set to axe thousands of jobs as the coronavirus outbreak begins to bite., Oyo's CEO Ritesh Agarwal said the move would leave the firm with around 25.000 staff worldwide – down from around 30,000 as of January.
NaijaFlyingDr Just to show you how businesses will prioritize profit amd overhead over anything else. It's just business 😃
It is good that the coronavirus does not affect the crypto industry so much.
sumanthraman It is unfortunate that oyorooms had been on the pruning spree for a while now.
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