Oyo Hotels is slashing footprint and headcount in virus-hit Japan

Oyo Hotels, one of the largest start-ups in SoftBank Group’s portfolio, is dramatically shrinking its footprint and headcount in Japan as bookings in the country plunge due to travel restrictions.

The Indian start-up slashed its regional presence by closing offices in provincial centers Sapporo, Sendai, Nagano, Hiroshima and Omiya at the end of June, Chief Business Officer Ryota Tanozaki said. 

Oyo is also looking to downsize its Tokyo headquarters, which occupy two floors in an office building walking distance from the Imperial Palace, he said. The moves extend the company’s ongoing effort to downsize internationally as it adapts to a much smaller