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Oyo announces Rs 130 Cr worth ESOPs for furloughed employees

Shortpedia

Content Team

The hospitality industry has taken a hard knock due to the Covid-19 outbreak and the global poster boy in budget hospitality chain Oyo has been facing disruptions in its operation across 80 countries in the past three months. As a result, the company had furloughed several thousand employees. According to Oyo, it’s granting ESOPs worth Rs 130 crore ($18 million) to all the impacted employees.