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Saturday, November 2, 2024
TopicOYO

Topic: OYO

Ritesh Agarwal’s Oyo Hotels to cut 5,000 jobs in India, China and US

Oyo’s global headcount will fall by about 17% from 30,000 in January as the start-up seeks to boost profitability, Ritesh Agarwal says.

Ritesh Agarwal’s Oyo is facing major problems due to Masayoshi Son’s dramatic overreach

With its chaotic rush to expand in Japan, Oyo infuriated potential partners, alienated workers and jeopardised its reputation with local customers.

Kashmiri student alleges OYO Room in Delhi didn’t let him check-in because of his identity

Manager at OYO Aasha Residency hotel admits it is turning away customers from Jammu and Kashmir but blamed it on “verbal orders” of Delhi Police. 

OYO was the big disruptor in India’s hotel industry, forcing even Tata to take note

OYO founder Ritesh Agarwal was just 18 when he came up with the idea. Within just a few years, OYO surpassed the valuation of India’s oldest hotel company.

Oyo is firing thousands of workers across India and China

Oyo is in trouble and is undergoing a restructuring, trimming redundancy in China and India, leading to thousands of dismissals.

Byju’s becomes India’s most valuable start-up after Paytm, OYO

Byju’s is raising funds at $8 billion valuation & overtakes Snapdeal. It is the only one of the top three that hasn’t taken funding from SoftBank or its Vision Fund.

OYO gets minority panel notice, told to list actions taken after Kashmiri man denied room

Delhi Minorities Commission says it will take legal action if OYO Rooms fails to furnish satisfactory reply.

OYO’s big expansion plans can put the entire business at risk

There are enough anecdotes to suggest OYO’s management may be struggling to keep order among franchisees while maintaining focus on adding more.

On Camera

As a Hindu Canadian, I am deeply hurt by cancellation of Diwali. My community is now sidelined

Canada faces serious foreign interference issues, but these challenges must not be weaponized to unfairly target friendly and important allies like India.

Watch CutTheClutter: Flattening INR-USD rate, and debate on pros and cons of a ‘strong’ rupee

In Episode 1544 of CutTheClutter, Editor-in-Chief Shekhar Gupta looks at some top economists pointing to the pitfalls of ‘currency nationalism’ with data from 1991 to 2004.

Indian firms sanctioned by US didn’t violate laws, says MEA. Hyderabad firm that supplied to Army on list

Among 19 Indian firms sanctioned by US Treasury Dept was Lokesh Machines Ltd accused of coordinating with 'Russian defence procurement agent to import Italy-origin CNC machines'.

Xi wanted to teach India about imbalance of power. We should take a budgetary lesson from it

While we talk much about our military, we don’t put our national wallet where our mouth is. Nobody is saying we should double our defence spending, but current declining trend must be reversed.