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.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
United States United States Latest News, United States United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Ray Dalio coronavirus comments: Rate cuts futile, select markets will be hurt - Business Insider'One of those once in 100 years catastrophic events': Billionaire Ray Dalio says coronavirus will 'annihilate' select parts of the market — and warns further emergency rate cuts will be futile How does he know what will happen? He’s not a doctor. I love most everything you guys post but this is irresponsible journalism.
Source: BusinessInsider - 🏆 729. / 51 Read more »
Mnuchin: Tax cuts 'will pay for themselves' amid coronavirus - Business InsiderRepublicans have argued tax cuts would bolster enough growth to make up for steep losses in government revenue. And people wil believe it until we end up in another recession In the 2+ years since TCJA was enacted, there’s been precisely zero evidence his tax cuts have grown the economy, let alone paid for themselves. This is typical GOP/Trumpist lies about the economy and tax cuts paying for themselves. They never do. Trickle down has always been a lie and always will be. Fire this greedy clown.
Source: BusinessInsider - 🏆 729. / 51 Read more »