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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
AKIRA HAYAKAWA, Nikkei staff writer | India

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.

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