Oyo plans to lay off 600 personnel across its technology and product teams. According to the company, it has decided to close several projects and merge teams. Along with this, the company said in a statement on Saturday that it will recruit 250 officers in the sales department. On behalf of the company, it was said, "OYO is reducing the size of its Product, Engineering, Corporate Headquarters, and OYO Vacation Homes teams. However, on the other hand, the company is going to add people to Relationship Management and Business Development teams. Wants to cut ten percent in. Under this, the company will lay off 600 of its employees while hiring 260 new employees. It has been said on behalf of the company that it is going to merge its product and engineering departments.
Ritesh Agarwal, Founder, and Group CEO, of OYO, said, “We will ensure that the majority of those who are losing jobs find decent jobs. Unfortunately, we have to part ways with these talented colleagues who have made valuable contributions to the company. As OYO grows and some of these employees are needed in the future, we will reach out to our employees first Will offer more work. On behalf of the company, it was said, "OYO is downsizing its product, engineering, corporate headquarters, and OYO Vacation Homes teams. On the other hand, though, the company is about to add people to the relationship management and business development teams.
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