OYO to lay off 2,000 employees by January.
Oyo-No!: Hospitality giant OYO is reportedly in the process of laying off about 2,000 employees across India by the end of January in order to save manpower costs and make some of its processes “more tech-enabled”. The divisions hit the most will be sales, supply and operations. ET Rise
Ayyo Rooms: SoftBank-controlled Yahoo Japan has quit its Japanese room rental venture, OYO (which is also backed by SoftBank) said on Thursday. It has now bought back the shares in Japanese apartment rental company OYO Life, held by Yahoo Japan. More details here.
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