Oyo announces voluntarily leave for part of its workforce with 25% pay cut

Oyo announced a certain number of its employees in India will be opting for voluntary leave with limited benefits that will be applicable from May 4.

The development comes two weeks after the company announced furloughs & temporary leaves globally and confirmed no job cuts in India until the lockdown.

According to Rohit Kapoor, Oyo India CEO, the company has assured its staff that it is not considering job cuts in India at this time despite significant economic pressures.

“OYO is taking all necessary actions, like reduce controllable costs, voluntary salary cuts accepted by leaders, and more to mitigate COVID-19’s impact and ensure long-term success and sustenance of the business.

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