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

AUS vs PAK: Pat Cummins gave a funny answer to Hafeez's statement 'Pakistan played better than Australia', said a big thing

Australia defeated Pakistan in the second Test and took a 2-0 lead in the three-match Test series

India's condition for talks with Pakistan: Jaishankar told Germany's foreign minister – the EU should not lecture us on buying Russian oil

India's Foreign Minister S Jaishankar has put a condition on Monday for starting talks with Pakis

Maha Kumbh: Railway's special preparations for pilgrims; Know everything from the war room to operation of 13000 trains

The world's largest religious-cultural gathering Maha Kumbh 2025 has started in Prayagraj from Mo

Snowstorm killed many people in the US, and ban on driving in Buffalo; security forces deployed

A snow storm is wreaking havoc in America. More than 50 people have lost their lives due to this

Saiyaara Budget: You will be shocked to know the budget of 'Saiyaara', which earned 200 crores. The film was made in just this much crores

Despite no big stars and no major promotions, Mohit Suri's romantic musical drama Saiyaara is cre

Kolkata Doctor Murder: Doctors of Delhi AIIMS and RML are on strike, seniors took over; these are the demands

Doctors are on strike in government hospitals in Delhi today in protest against the murder of a d

America's attack on Pakistan-backed terrorism, 4 members of Al Qaeda and Pakistani Taliban declared global terrorists

America has once again given a big attack on Pakistan-backed terrorism. Secretary of State Tony B

Coldrif cough syrup manufacturing company shut down, Tamil Nadu government cancels license.

Following the deaths caused by Coldrif Cough Syrup, the Tamil Nadu government has taken significa

Anti-Modi slogans on the walls of a Hindu temple in Australia: Incident at Brisbane's Laxmi Narayan Temple, earlier the Indian Consulate was attacked here

Cases of attacks on temples are continuously coming to the fore in Australia. Now there has been

G20 Summit: From the hotels of the guests to the venues, everything was given a 'code name', even the police were unaware of many things.

While hosting more than twenty heads of state from across the world, the police and various secur