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22.04.2020 / 11:23

OYO cuts pay of all employees in India by 25% for 4 months: Report

NEW DELHI: Softbank Group-backed OYO Hotels and Homes has cut the salaries of all employees by 25% 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 announces 25% pay cut, furloughs India staff

BENGALURU : Hospitality unicorn Oyo (Oravel Stays Pvt. Ltd) on Wednesday announced salary cuts and furloughed some of its staff in India, to save cash after its revenues plunged due of the covid-19 pandemic.

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COVID-19

United States	Cases: 46 252 513 Deaths: 750 423 Recovered: 0
India	Cases: 34 321 025 Deaths: 459 652 Recovered: 0
Brazil	Cases: 21 835 785 Deaths: 608 235 Recovered: 0
United Kingdom	Cases: 9 215 683 Deaths: 141 607 Recovered: 0
Russia	Cases: 8 494 589 Deaths: 237 619 Recovered: 0

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