OYO asks some of its India staff to go on leave with limited benefits, cuts pay by 25 per cent

OYO on Wednesday asked some of its staff in India to go on leave with limited benefits from May 4 for four months, and also asked all employees in the country to accept a cut in their fixed salaries by 25 per cent due to the impact of the COVID-19 on the hospitality industry.

The company currently has around 10,000 employees in the country.

“We had to take the hard decision of placing some OYOpreneurs on a leave with limited benefits (LwLB) from May 4, 2020, for four months until August 2020,” OYO India and South Asia CEO Rohit Kapoor said in a email send to the employees which has been accessed by PTI.