OYO is merging its product and engineering teams for smoother functioning, according to the company. "OYO is downsizing its product and engineering, corporate headquarters and the OYO vacation homes teams, while it adds people to the partner relationship management and the business development teams," the company said in a statement. 📲 OYO Layoffs: IPO-Bound OYO Trims 10% of Its Workforce, Aims 250 New Hires.