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.
Oyo is expected to create a total wealth of about $668 million (about ₹5,000 crore) for its employees based on a post-IPO valuation of $10 billion, according to a VCCircle analysis. The assumed valuation is based on a slight premium to the $9.6 billion Oyo was valued at in the pre-IPO round
OYO to cover COVID-19 vaccination cost for employees, family members in India
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Last Updated: Apr 01, 2021, 04:20 PM IST
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The employees and their family members in India can choose to get the vaccination done at any centre, convenient to them and the costs would be reimbursed in full by the company, OYO said in a statement.
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Hospitality firm OYO on Thursday said it will cover COVID-19 vaccination cost for all its employees and their family members in India.
The employees and their family members in India can choose to get the vaccination done at any centre, convenient to them and the costs would be reimbursed in full by the company, OYO said in a statement.
Hospitality firm OYO on Thursday said it will cover COVID-19 vaccination cost for all its employees and their family members in India. The employees and their family members in India can choose to get the vaccination done at any centre, convenient to them and the costs would be reimbursed in full by the company, OYO said in a statement. The company has also enhanced the insurance benefit of employees to include a COVID-19 home care cover, it added. The company, however, did not provide any details about the number of employees it has in India. As part of our commitment to keep our employees and their families safe and show our gratitude to them, we are happy to facilitate the cost of their COVID-19 vaccinations, OYO Hotels & Homes Chief Human Resources Officer Dinesh Ramamurthi said.