Headache Mounting at OYO;Zo Rooms challenges Oyo rejig in HighCourt; Corporates End Tie-Ups

First, ZO Rooms filed a petition in the Delhi High Court, OYO has been given 2 weeks to respond to arbitrator explaining its restructuring to the court

Then corporate's like L&T Infotech,Vodafone Idea, TCS and others have cut back on their business with OYO, concerns over service quality and security issues

OYO even suspended further campus hiring, said it will not roll-back any job offers it had already given to the graduates, has hired nearly 32 graduates of class 2020 across top-Business schools

This is happening post recently laid-off of around 3000 employees as part of a restructuring move