Oyo announces pay cut for all employees in India

Oyo announces pay cut for all employees in India

Oyo Hotels has cut salaries of all employees in India by 25% for four months starting in Apr and also furloughed some of its staff. This comes as Oyo furloughed thousands of its international employees earlier in April to conserve cash as Covid-19 brought global travel to a halt. CEO Rohit Kapoor has said that these efforts would help to certain extent but ’may not be enough.

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