Pedestrians walk past an Oyo hotel in Tokyo. The start-up is placing thousands of employees on indefinite leave in a bid to survive the coronavirus pandemic. Photo: Bloomberg Pedestrians walk past an Oyo hotel in Tokyo. The start-up is placing thousands of employees on indefinite leave in a bid to survive the coronavirus pandemic. Photo: Bloomberg
Pedestrians walk past an Oyo hotel in Tokyo. The start-up is placing thousands of employees on indefinite leave in a bid to survive the coronavirus pandemic. Photo: Bloomberg

SoftBank-backed Indian start-up Oyo furloughs thousands of employees to survive coronavirus pandemic

  • The Indian budget lodgings service is one of the largest in SoftBank’s portfolio and Oyo’s move is the latest setback for Masayoshi Son
  • Oyo founder Ritesh Agarwal said tough decisions are necessary to survive the pandemic and assured workers no jobs would be cut anywhere in the globe

Topic |   Coronavirus pandemic: All stories
Pedestrians walk past an Oyo hotel in Tokyo. The start-up is placing thousands of employees on indefinite leave in a bid to survive the coronavirus pandemic. Photo: Bloomberg Pedestrians walk past an Oyo hotel in Tokyo. The start-up is placing thousands of employees on indefinite leave in a bid to survive the coronavirus pandemic. Photo: Bloomberg
Pedestrians walk past an Oyo hotel in Tokyo. The start-up is placing thousands of employees on indefinite leave in a bid to survive the coronavirus pandemic. Photo: Bloomberg
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