Oyo Hotels lays off 300 employees

Entrepreneurship
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The official associated with this whole case said that Oyo has taken this step due to the deficit due to lack of demand. Significantly, Oyo is now changing its minimum trade guarantee model to a revenue-sharing model that requires fewer people.

Oyo’s business model is changing

Another person said that with this, 99 per cent of Oyo’s franchise business will now be based on revenue sharing, while some properties will still follow the Minimum Guarantee Assurance. With this, Oyo has automated many processes. With the advent of new technology, less staff is required.

Oyo mainly has two businesses. This includes the owners of hotels in the Oyo franchise business partner. While frontier business includes co-living and student housing. In this, it takes over the property and operates under the Oyo brand. Oyo has fired staff from both businesses.


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