Retail

Oyo notifies employees about layoffs via emails


NEW DELHI: After acknowledging that it asked some of its employees to explore careers outside the company, SoftBank-backed Oyo has begun the process of notifying thousands of staffers individually about their status in the organisation through individual emails, people familiar with the matter said.

Layoffs in Delhi and Jaipur were communicated to the staff on Monday, while in Gurgaon employees were notified on Tuesday. The people said the company fired about 200 employees in Delhi on Monday. The job cuts come after the company charted out its ‘new strategic objectives for 2020’ in an internal email on Monday. ET has seen emails sent to some employees who have been retained by the company. One such email sent by an employee’s manager read:

“Dear Oyopreneur, thank you for attending today’s all hands meeting. As per the reorganisation in our hub, your role is NOT impacted. Considering the sensitivity of the situation I advise you to maintain utmost confidentiality on the matter. Please continue your work plan, field visits, meetings, and calls for today as you had planned … I look forward to seeing you tomorrow and continuing to work together to meet our business goals.”

Oyo did not respond to ET’s queries on the matter till the time of going to press on Tuesday.

Oyo also informed staffers that it was doing much more than the required due HR processes followed by other companies in the country.





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