More staffers at Indian hospitality unicorn Oyo are set to be fired as the company trims its workforce across verticals, Ritesh Agarwal, the CEO, wrote in a letter to the employees. ...
Ritesh Agarwal-led Indian hospitality unicorn Oyo, currently the second top unicorn after Paytm and valued at nearly $10 billion in the country, has acted tough by laying off thousands of employees in India and China, after Japanese giant SoftBank ti ...
Hospitality unicorn OYO's valuation has almost doubled in a year, reaching $10 billion between September 2018 and October 2019, despite significant losses in the financial year ending on March 31. ...
Before SoftBank made it clear that co-sharing workspace company WeWork's Adam Neumann needs to step down as CEO, Masayoshi Son, the CEO of the Japanese investor stressed on the importance of companies becoming profitable before going public. ...