Oyo Said to Cut About 5,000 Jobs in Overhaul to Boost Profitability
Indo-Asian News Service | Wednesday March 4, 2020
Oyo Hotels is cutting its global workforce by about 5,000 to 25,000 people, with the deepest reductions in China after business there crumbled in the wake of the coronavirus outbreak.
Oyo Says Annual Loss Grew Over Six-Fold On China Expansion
Business | Reuters | Monday February 17, 2020
Oyo has changed the way it calculates revenue, Rohit Kapoor, OYO's chief executive officer for India and South Asia, said on a conference call with reporters.
OYO's Corporate Channel Records 80% Revenue Growth In 2019
Business | Indo-Asian News Service | Tuesday January 28, 2020
Corporate travellers can choose from handpicked corporate-friendly OYOs across thousands of hotels in over 300 cities, the company said.
Oyo Said to Lay Off 1,000 Employees in India Amid Profit Push
Reuters | Tuesday January 14, 2020
SoftBank-backed Oyo Hotels and Homes is laying off hundreds of employees in India, according to a source and an internal memo seen by Reuters, as the loss-making hotel chain cuts costs in pursuit of profits.
Oyo Office Target of Surprise Search by Tax Officials, as SoftBank Faces Investor Security
Reuters | Saturday January 11, 2020
SoftBank-backed hotel chain Oyo Hotels and Homes said on Friday income tax authorities had carried out a surprise search at one of its four offices in Gurugram.
Oyo Denies Report Claiming It Will Cut 2,000 Jobs in India by January-End
Reuters | Thursday December 19, 2019
Oyo Hotels and Homes will lay off at least 2,000 employees in India by the end of January, a report claimed, citing people close to the company.
SoftBank's Yahoo Japan Exits Oyo's Japan Apartment Venture
Reuters | Thursday December 19, 2019
SoftBank-controlled Yahoo Japan has pulled out of a Japanese apartment rental venture with Oyo Hotels and Homes, in the latest setback for the loss-making Indian startup.
Oyo Says Softbank's Yahoo Japan Exits Japan Apartment Venture
Business | Reuters | Thursday December 19, 2019
Oyo, which is also backed by SoftBank Group Corp, said it has bought back the shares in Japanese apartment rental company Oyo Life held by internet firm Yahoo Japan, now known as Z Holdings, for an undisclosed amount.
Oyo's Annual Loss Balloons Six-Fold To Rs 2,385 Crore In FY19
Business | Reuters | Monday November 25, 2019
Oyo reported a net loss of Rs 2,385 crore in the year to March 2019, compared with a loss of Rs 360 crore a year earlier.
Woman Checks Into Delhi Hotel For Friend's Birthday, He Kills Her: Cops
Delhi News | Press Trust of India | Wednesday November 13, 2019
A 33-year-old woman was killed allegedly by her male friend in an OYO hotel room in outer north Delhi's Alipur area, police said on Tuesday.
Dehradun Boy, Attending Delhi Shooting Contest, Electrocuted In OYO Hotel
Delhi News | Press Trust of India | Monday October 14, 2019
A 15-year-old boy, who had come to Delhi from Dehradun to participate in a shooting competition, has died after allegedly being electrocuted at an OYO hotel in southeast Delhi's Pul Prahladpur area, police said on Monday.
Why Some Indian Hotels Are Saying 'Not Welcome' To Oyo
India News | Reuters | Monday October 7, 2019
Oyo Hotels and Homes shot out of nowhere to become one of the world's largest hotel chains with a simple promise of "hassle-free" online booking, transparent pricing and cheerful lodging. But as the Softbank-backed startup pushes toward profitability, an increasing number of Indian hotel operators who have partnered with it are complaining about be...
As Oyo Booms, Some Hotels Cry Foul and Check Out
Reuters | Monday October 7, 2019
Oyo Hotels and Homes shot out of nowhere to become one of the world's largest hotel chains with a simple promise of "hassle-free" online booking, transparent pricing and cheerful lodging.
Oyo Acquires Danish Data Science Firm Danamica for Undisclosed Amount
Indo-Asian News Service | Tuesday September 3, 2019
OYO Hotels & Homes has acquired Danamica, a Copenhagen-based data science company for an undisclosed amount.
Oyo Buys Shared Office Startup Innov8 For $30 Million
Business | Thomson Reuters | Tuesday July 16, 2019
Oyo will buy Innov8 for $30 million in an all-stock deal, a person with knowledge of the development said.
Oyo Said to Cut About 5,000 Jobs in Overhaul to Boost Profitability
Indo-Asian News Service | Wednesday March 4, 2020
Oyo Hotels is cutting its global workforce by about 5,000 to 25,000 people, with the deepest reductions in China after business there crumbled in the wake of the coronavirus outbreak.
Oyo Says Annual Loss Grew Over Six-Fold On China Expansion
Business | Reuters | Monday February 17, 2020
Oyo has changed the way it calculates revenue, Rohit Kapoor, OYO's chief executive officer for India and South Asia, said on a conference call with reporters.
OYO's Corporate Channel Records 80% Revenue Growth In 2019
Business | Indo-Asian News Service | Tuesday January 28, 2020
Corporate travellers can choose from handpicked corporate-friendly OYOs across thousands of hotels in over 300 cities, the company said.
Oyo Said to Lay Off 1,000 Employees in India Amid Profit Push
Reuters | Tuesday January 14, 2020
SoftBank-backed Oyo Hotels and Homes is laying off hundreds of employees in India, according to a source and an internal memo seen by Reuters, as the loss-making hotel chain cuts costs in pursuit of profits.
Oyo Office Target of Surprise Search by Tax Officials, as SoftBank Faces Investor Security
Reuters | Saturday January 11, 2020
SoftBank-backed hotel chain Oyo Hotels and Homes said on Friday income tax authorities had carried out a surprise search at one of its four offices in Gurugram.
Oyo Denies Report Claiming It Will Cut 2,000 Jobs in India by January-End
Reuters | Thursday December 19, 2019
Oyo Hotels and Homes will lay off at least 2,000 employees in India by the end of January, a report claimed, citing people close to the company.
SoftBank's Yahoo Japan Exits Oyo's Japan Apartment Venture
Reuters | Thursday December 19, 2019
SoftBank-controlled Yahoo Japan has pulled out of a Japanese apartment rental venture with Oyo Hotels and Homes, in the latest setback for the loss-making Indian startup.
Oyo Says Softbank's Yahoo Japan Exits Japan Apartment Venture
Business | Reuters | Thursday December 19, 2019
Oyo, which is also backed by SoftBank Group Corp, said it has bought back the shares in Japanese apartment rental company Oyo Life held by internet firm Yahoo Japan, now known as Z Holdings, for an undisclosed amount.
Oyo's Annual Loss Balloons Six-Fold To Rs 2,385 Crore In FY19
Business | Reuters | Monday November 25, 2019
Oyo reported a net loss of Rs 2,385 crore in the year to March 2019, compared with a loss of Rs 360 crore a year earlier.
Woman Checks Into Delhi Hotel For Friend's Birthday, He Kills Her: Cops
Delhi News | Press Trust of India | Wednesday November 13, 2019
A 33-year-old woman was killed allegedly by her male friend in an OYO hotel room in outer north Delhi's Alipur area, police said on Tuesday.
Dehradun Boy, Attending Delhi Shooting Contest, Electrocuted In OYO Hotel
Delhi News | Press Trust of India | Monday October 14, 2019
A 15-year-old boy, who had come to Delhi from Dehradun to participate in a shooting competition, has died after allegedly being electrocuted at an OYO hotel in southeast Delhi's Pul Prahladpur area, police said on Monday.
Why Some Indian Hotels Are Saying 'Not Welcome' To Oyo
India News | Reuters | Monday October 7, 2019
Oyo Hotels and Homes shot out of nowhere to become one of the world's largest hotel chains with a simple promise of "hassle-free" online booking, transparent pricing and cheerful lodging. But as the Softbank-backed startup pushes toward profitability, an increasing number of Indian hotel operators who have partnered with it are complaining about be...
As Oyo Booms, Some Hotels Cry Foul and Check Out
Reuters | Monday October 7, 2019
Oyo Hotels and Homes shot out of nowhere to become one of the world's largest hotel chains with a simple promise of "hassle-free" online booking, transparent pricing and cheerful lodging.
Oyo Acquires Danish Data Science Firm Danamica for Undisclosed Amount
Indo-Asian News Service | Tuesday September 3, 2019
OYO Hotels & Homes has acquired Danamica, a Copenhagen-based data science company for an undisclosed amount.
Oyo Buys Shared Office Startup Innov8 For $30 Million
Business | Thomson Reuters | Tuesday July 16, 2019
Oyo will buy Innov8 for $30 million in an all-stock deal, a person with knowledge of the development said.
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