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Become A Startup Insider With Inc42 Plus
Join our exclusive community of business leaders &makers for in-depth tech stories and intelligence on India’s tech economy you won’t find elsewhere.
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After reports about OYO laying off over 1,200 employees across India surfaced earlier this week, the conversation globally — on social media, internal messaging platforms and startup forums — has been around the company’s rise to prominence and the current turmoil. While the company’s layoffs are expected to be completed in the next few weeks, hundreds of employees have already been asked to leave this week.
After news broke earlier this week about the layoffs, OYO confirmed that 1,200 employees were laid off from its total workforce of 12,000 employees in India. Reports since then have speculated that the number of impacted employees is 2,400.
However, multiple sources close to the development told Inc42 that over 3,000 employees have been impacted in the current round, with more to follow in the next few months.
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