NEW DELHI: The leadership team at OYO Hotels & Homes, led by founder Ritesh Agarwal, today joined the ranks of Mahindra group, InterGlobe Enterprises and others in taking voluntary salary cuts to help their company tide over the covid-19-induced damage to their business and also show solidarity with their workers.
Agarwal has decided to forego his entire FY21 salary. The company’s leadership team has also taken a minimum 25% voluntary pay cut, with many opting for an additional uncapped amount, and some going up to 50% to enable building the runway for the company.
Last week, OYO announced a partnership with Apollo Hospitals to offer support for quarantine facilities, where OYO will offer sanitized beds and facilities in certain covid-19