NEW DELHI -- SoftBank-backed hospitality chain OYO has become the latest Indian startup after Paytm and Ola to retrench its workforce, saying that 500 staffers will lose their jobs.
Startups
SoftBank-backed OYO to cut 500 jobs in India
Layoffs come as hotel startup's Japanese investor shifts focus to profits
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Oyo claims to be the world's second-largest hotel operator with a portfolio of more than 12 million rooms across 80 countries. (Photo by Akira Kodaka)
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