It is one bad choice over the other, says hotel chain OYO's boss
One of the world's biggest hospitality brands, hotel chain OYO chief Ritesh Agarwal has said that they tried to ensure that there are no or eligible layoffs due to coronavirus but had pay cuts. In an interview, he told that it is one bad choice over another. He adds that it's an incredibly painful time when you are a young company & you have worked with your team members very closely. OYO has taken a hit of 50 to 60% in its global revenue.