Another SoftBank-backed startup plans layoffs
‘Change can be hard’: OYO CEO confirms layoffs
Updated 0247 GMT (1047 HKT) January 14, 2020
San Francisco (CNN Business)India’s top hotel company OYO, one of the biggest startups in SoftBank’s portfolio, is slashing jobs and warns that more layoffs could be on the way as it scrambles to turn a profit.
– CNN Business’ Parija Kavilanz and Sherisse Pham contributed to this report