Oyo continues to trim workforce, plans to let go 1,200 in India in 4 months

Oyo Hotels is firing thousands of staff across China and India, people familiar with the matter said, adding to growing signs of trouble at one of the largest start-ups in SoftBank Group Corp’s portfolio.

It has let go of 5 per cent of its 12,000 employees in China partly due to non-performance, while dismissing 12 per cent of its 10,000 staff in India, one of the people said. It plans to shed another 1,200 in India over the next three to four months, the person added. 

Oyo is undergoing a restructuring, trimming redundancy in China and India, leading to thousands of dismissals,