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 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.