Troubled times? Oyo Group CEO Ritesh Agarwal confirms trimming staff

It was reported last week that Oyo had let go of about 1,200 people from its China business, and an equal number are likely to be asked to leave in India

Oyo group chief executive officer (CEO) Ritesh Agarwal has sent an email to employees stating the company will be trimming staff over the next two weeks.   
 

In the email sent to employees on Monday, the group CEO said, “One of the implications of the new strategic objectives for 2020, is that, like the leadership team, we will reorganise more teams across businesses and functions. And this means that, unfortunately, some roles at Oyo will become redundant as we further drive tech-enabled synergy, enhanced efficiency and remove duplication of effort across businesses or geographies. As a result, we are asking