Oyo fires 800 employees, changes business model
New Delhi: Hospitality player Oyo is learnt to have fired around 800 employees to reduce costs.
Many of the fired employees are from the operations and renovation departments of the startup. The firm is learnt to be closing down the two departments.
With setbacks received during the corona pandemic, the firm has nor started negotiating deals with hotel partners that will not involve and minimum guarantee by Oyo. It will not even provide management or other staff at the partner hotels now.