INSUBCONTINENT EXCLUSIVE:
Hello and welcome back to our regular morning look at private companies, public markets and the gray space in between.After a short pause,
other costs.Today I want to chew over the latest news from OYO, which is beating a retreat to reduce losses
startup, is releasing staff, reducing capacity and pulling out of some locations altogether
The firm, famous for its hyper-growth and aggressive capital raises, will cut 1,450 staff, including 1,000 in its home country of India
In fact, the company is leaving several hundred cities in Indiaand has cut tens of thousands of rooms from its rolls, according to reports.
