Oyo Layoffs: Layoffs of 600 employees in Oyo as well, the company issued a statement

Posted on 3rd Dec 2022 03:50 pm by rohit kumar

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.

 

Also Read: DPIIT: The vision of National Logistics Policy is getting better results, and benefits in infrastructure

Other news

Indo-Pak Tension: Ambani, Adani, and these industrialists supported the armed forces, said- We are united against terrorism

Amid rising tensions between India and Pakistan, two big industrialists of the country, Mukesh Am

Threat to India from China's Djibouti plan: Will deploy Warship-Submarine at its first foreign military base; This is confirmed in the American report

China's Djibouti plan can pose a threat to India. China can deploy aircraft carriers, large warsh

'When hypocrites go...', Tanya Mittal's video goes viral, she had asked a shocking question to Premananda Ji Maharaj.

Ever since Tanya Mittal entered Bigg Boss 19, there has hardly been a day when there hasn't been

Leo on OTT: After the box office, 'Leo' is ready to make a splash on OTT too, the film is being released on this platform.

South cinema superstar Thalapathy Vijay's film 'Leo' made a good collection at the ticket window.

Tanushree Dutta: Users called Tanushree's crying reel a propaganda, the actress said- who is bothering me…

Last night, actress Tanushree Dutta shared a reel on social media, in which she was seen crying a

Mahadev Betting App: Owner Ravi Uppal caught in Dubai on Interpol notice; ED trying to extradite him to India

Ravi Uppal, accused in the case of illegal betting and money laundering, has been detained in Dub

China Economy: China sets development target with five percent, record increase in the defense budget

Chinese President Xi Jinping began his new five-year term on Sunday. During this, the Chinese MP

Ind vs Eng: KL Rahul will not do wicketkeeping in the series against England, two wicketkeepers got a place in the team, and Dhruv Jurel will debut

KL Rahul will not play as wicketkeeper in Ind vs Eng: KL Rahul will not play wicketkeeper in the

IND vs. PAK: If Rain became the villain even on the reserve day, then how will the result of the match be known? India's path will become difficult

IND vs. PAK Reserve Day: India and Pakistan are clashing in the Super-4 round of Asia Cup 2023. R

One-third of the world will be in recession in 2023: IMF head warned, said- China, America, and Europe will be the reason

The world economy is going to be worse in the year 2023 than in 2022. Kristalina Georgieva, head