ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon PrintIcon Twitter
Startups

SoftBank-backed Oyo cuts 1,800 jobs in India and China

Restructuring turmoil casts shadow over Vision Fund

A sign protesting Oyo Hotels & Homes in New Delhi: The fast-growing chain has faced some headwinds, including at home in India.   © Reuters

MUMBAI -- India's Oyo Hotels & Homes has let go of about 1,800 employees in India and China, trimming fat in key markets while strengthening a push into the U.S.

The SoftBank Group-backed startup dismissed 1,200, or 12%, of its Indian workforce and 600, or 5%, of its Chinese employees, Bloomberg reports. Another 1,200 jobs will be cut in India over the next three to four months.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Discover the all new Nikkei Asia app

  • Take your reading anywhere with offline reading functions
  • Never miss a story with breaking news alerts
  • Customize your reading experience

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more