[ad_1] BENGALURU: Discouragement is taking over employees of startups in India who are downsizing their operations amid the shutdown to contain the Covid-19 outbreak, putting jobs on the line. Apparently there are some layoffs despite promises to the contrary. The CEO of social commerce company Meesho had told Avinash Kumar …
Read More »Oyo asks all employees to take a 25% pay cut; some to be licensed
[ad_1] Oyo Hotel and Homes has asked all of its employees to reduce their salary by 25 percent between April and July. He has also told some staff members to leave with limited benefits, or to retire for a period of four months (between May 4 and the end of …
Read More »OYO Pay cuts: Oyo asks some Indian employees to go on vacation, reduces everyone’s fixed salary by 25% | India Business News
[ad_1] NEW DELHI: Oyo informed employees Wednesday that 25 percent of their fixed wages will be cut and asked some staff members to go on vacation for four months with limited benefits beginning May 4 while the room aggregator of hotel deals with “economic pressures” due to COVID-19. The company, …
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