Oyo announces pay cuts, furloughs staff in India to save cash
Oyo India CEO Rohit Kapoor said there won’t be job cuts
Oyo, present in 80 countries, is especially vulnerable to the crisis because of its loss-making business model
BENGALURU : Hospitality unicorn Oyo (Oravel Stays Pvt. Ltd) has announced salary cuts, besides furloughing staff to save cash after its revenues plunged because of the covid-19 pandemic.