Hospitality giant OYO lays off close to 300 employees
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Gurugram-headquartered hospitality firm OYO has laid off around 300 employees this month, as per a report. This is the latest in a string of layoffs which have impacted thousands in OYO’s staff amid the revenue crunch caused due to reduced demand amid the Covid-19 pandemic. Denying the news, an OYO spokesperson said, We have done no significant restructuring at this point in time.