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Oyo asks all employees to take 25% pay cut; some to be sent on furlough

OYO CEO for India Rohit Kapoor communicated the decision through an email to employees after a company townhall on Wednesday

Oyo, Oyo rooms
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OYO's decision of salary cuts and furloughs for its employees is on account of the massive hit taken by the hospitality industry due to the ongoing Covid-19 pandemic. Photo: Shutterstock

Neha Alawadhi New Delhi
Oyo Hotel and Homes has asked all its employees to take 25 per cent pay cut between April and July.
 
It has also told some staff members to take leave with limited benefits, or go on furlough for a period of four months (between May 4 and end of August).
 
The decision was communicated to employees by Oyo chief executive officer (CEO) for India Rohit Kapoor through an email on Wednesday. Business Standard has seen a copy of the email.
 
According to sources, the number of employees being asked to take this furlough is likely to be over 3,500. A