Softbank-backed OYO to cut pay of all employees in India: internal memo

Softbank-backed OYO to cut pay of all employees in India: internal memo

4 years ago
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https://www.reuters.com/article/us-health-coronavirus-oyo/softbank-backed-oyo-to-cut-pay-of-all-employees-in-india-internal-memo-idUSKCN2240XD

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.

Softbank-backed OYO to cut pay of all employees in India: internal memo

Apr 22, 2020, 9:21am UTC
https://www.reuters.com/article/us-health-coronavirus-oyo/softbank-backed-oyo-to-cut-pay-of-all-employees-in-india-internal-memo-idUSKCN2240XD >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.