OYO Hotels & Homes, the fastest-growing and second-largest hotel chain in the world, announced the appointment of Anuj Tejpal as the Global Chief Commercial Officer, effective September 1, 2020. Anuj will be reporting directly to Ritesh Agarwal, Founder and Group CEO, OYO Hotels & Homes. In his new role, Anuj will work with regional CEOs…
The hospitality sector is one of the most affected by the ongoing coronavirus pandemic. With travel of any kind coming to a halt and governments imposing lockdowns, companies in the sector are bracing for severe impact. Recently, there has been multiple reports about layoffs and furloughs in the industry by the companies to save cost.…
Indian hospitality unicorn OYO Hotels & Homes recently announced that it has appointed former Starbucks Chief Operating Officer Troy Alstead as an Independent Director. According to an official company statement, in his new role, Troy will play a supervisor and provide guidance to OYO Founder Ritesh Agarwal and the management on key business decisions. Before…
COVID-19 has impacted the global hospitality industry significantly with occupancies of various hotel chains being affected drastically. Many Indian startups in the segment are slashing salaries across levels to conserve cash and extend their runway. Indian hospitality unicorn OYO Hotels & Homes is no different than these startups affected by the pandemic. The Ritesh Agarwal-led…
The company plans to lay off about half of 6,000 employees from its China operations. The recent coronavirus outbreak has forced the travel industry on its knees forcing businesses to take tough measures. Indian hospitality unicorn OYO Hotels and Homes is reportedly cutting down its global workforce by about 5,000 to 25,000 people. The biggest…
Softbank-backed OYO has recently decided to lay off about 100 employees or 20% of its United Kingdom workforce. The recent development comes amid the ongoing restructuring of business at OYO. According to a report by Yahoo Finance UK, OYO was involved in a 30-day consultation with UK staff and concluded the process recently. As a…
After issuing pink slips to about 15-20 % of its 12,000 strong workforce earlier this month, OYO Hotels and Homes have rolled out benefits for the outgoing members. To lessen the burden of the leaving employees, OYO has offered services like outplacement, gross pay of 3.2months, personal insurance for 90 days and parental insurance of…
OYO Hotels and Homes announced that it has appointed Ankit Gupta as the COO and Senior Vice President. Gupta moves from McKinsey & Co where he was a global leader of their real estate transformation practice. This comes as a part of the company’s efforts to continue to invest and attract world-class leadership, to drive…