Startups

COVID-19: Oyo puts staff across the globe on furloughs

Agarwal said the situation had continued to worsen over the past few weeks. “At the latest, the revenues of Oyo and the occupancies have dropped by over 50-60%,” he said and added that because of this, the company's “balance sheet runway” had come under severe stress.

from Startups-Small Biz-Economic Times
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