https://techcrunch.com/2020/04/08/indias-oyo-furloughs-thousands-of-employees-as-revenue-drops-by-over-50/

Oyo has placed thousands of employees on leave and furloughs for up to three months in the U.S. and several other markets as the Indian budget lodging firm contends the coronavirus outbreak that has cut its revenue and demand by over 50%.

The startup’s teams in the U.S. are most impacted by the furloughs, according to a person familiar with the matter. In a statement, Oyo confirmed the furloughs and added that India, its home market, was not impacted. The company also said it was not cutting any jobs and is committed to offer its employees and those on furloughs with healthcare and medicare benefits.