OYO founder Ritesh Agarwal confirms layoffs in email to employees

OYO founder Ritesh Agarwal confirms layoffs in email to employees

OYO in Manali, India. Photo: OYO Rooms

SoftBank-backed Indian hospitality chain Oyo Hotels and Homes (OYO) is laying off over 1,000 people in India as it undertakes initiatives to restructure its teams across businesses and functions.