 "Ritesh Agarwal")
The CEO and founder of OYO Hotels & Homes, Ritesh Agarwal will take a 100 per cent salary cut for the rest of the year and the company’s entire executive leadership team has taken a voluntary pay cut starting at 25 per cent and going up to 50 per cent to enable building the runway for the company.
The cuts will be effective April 2020, and the decisions have been taken in wake of the ongoing Covid-19 pandemic, which has impacted the travel and hospitality industry in a big way.
The company management has also taken several other measures to
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