ixigo reinstates salaries & grants ESOPs to all employees
Travel app ixigo has reinstated salaries and granted discounted ESOPs to all its employees to compensate for the pay cuts made during the last three months.The current ESOP grant announced will result in an additional 2.3% of the company’s overall shareholding being given to all 150 ixigo employees.
Aloke Bajpai, Co-Founder & CEO, ixigo said in a release:“Since the inception of ixigo, we have believed in empathy and transparency as our core values. We believe we made the right decision by sticking together and we are well prepared for the next 12 months road to recovery. We expect to get back to 50% of our pre-Covid revenue level by the end of 2020.”