Oyo Hotels And Homes
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Oyo Extends Furloughs for Some Indian Employees
Oyo Hotels & Homes is extending furloughs for some Indian employees by six months, it said on Friday, as an unabated rise in domestic coronavirus cases curbs travel and hits hotel revenues.
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Oyo Said to Offload More Loss-Making Hotels Amid Pandemic
India's Oyo Hotels and Homes, backed by SoftBank Group, plans to offload more properties around the world, three sources familiar with the matter said, as the coronavirus pandemic prompts it to speed up a retreat from a rapid global expansion.
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Oyo Said to Cut Pay of All Employees in India
Softbank Group-backed Oyo Hotels and Homes has cut the salaries of all employees by 25 percent for four months starting April and also sent some of its people on leave with limited benefits, according to an internal memo seen by Reuters.
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Oyo Said to Lay Off 1,000 Employees in India Amid Profit Push
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.
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Oyo Office Target of Surprise Search by Tax Officials, as SoftBank Faces Investor Security
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.
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Oyo Denies Report Claiming It Will Cut 2,000 Jobs in India by January-End
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.
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SoftBank's Yahoo Japan Exits Oyo's Japan Apartment Venture
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.
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Why Some Indian Hotels Are Saying 'Not Welcome' To Oyo
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...
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As Oyo Booms, Some Hotels Cry Foul and Check Out
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.
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Oyo Acquires Danish Data Science Firm Danamica for Undisclosed Amount
OYO Hotels & Homes has acquired Danamica, a Copenhagen-based data science company for an undisclosed amount.
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Oyo Extends Furloughs for Some Indian Employees
Oyo Hotels & Homes is extending furloughs for some Indian employees by six months, it said on Friday, as an unabated rise in domestic coronavirus cases curbs travel and hits hotel revenues.
-
Oyo Said to Offload More Loss-Making Hotels Amid Pandemic
India's Oyo Hotels and Homes, backed by SoftBank Group, plans to offload more properties around the world, three sources familiar with the matter said, as the coronavirus pandemic prompts it to speed up a retreat from a rapid global expansion.
-
Oyo Said to Cut Pay of All Employees in India
Softbank Group-backed Oyo Hotels and Homes has cut the salaries of all employees by 25 percent for four months starting April and also sent some of its people on leave with limited benefits, according to an internal memo seen by Reuters.
-
Oyo Said to Lay Off 1,000 Employees in India Amid Profit Push
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
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
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
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.
-
Why Some Indian Hotels Are Saying 'Not Welcome' To Oyo
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
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
OYO Hotels & Homes has acquired Danamica, a Copenhagen-based data science company for an undisclosed amount.
