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

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