Tag: Banyan Tree Hotels

Hospitality group Banyan Tree lays off 15% of its global workforce as part of “right-sizing” exercise

Singapore-based hospitality group Banyan Tree Holdings recently announced that it is undertaking “right-sizing” and restructuring to adapt to post-covid-19 industry outlook. In an exchange filing, the company said that it is undertaking a series of right-sizing and cost-saving exercises that has affected 10 to 15% cent of its global workforce. The development was first reported…