Oyo plans to cut 150-200 sales jobs

Oyo Hotels and Homes plans to lay off 150-200 people from sales teams across the country, according to an ET report.

Oyo sent pink slips to about 60 salespeople at their New Delhi and Gurgaon offices on Monday. A similar number are likely to be let go at other locations, including Pune and Mumbai.

In response to queries, Oyo said that it follows a performance-oriented grading system and separates about 0.5 per cent of employees every month for not meeting expectations and targets.

“Oyo India is on a strong growth trajectory and we, as an organisation, are witnessing 4.5X year-on-year growth," an Oyo spokesperson told ET. "We are able to achieve this feat by an ever-growing and passionate team of 9,000+ OYOpreneurs in India, including our 2,500+ strong sales team.” The spokesperson also said that Oyo India is planning to recruit more than 3,000 people this year.

"Every day, over 500,000 heads rest on a pillow in OYO, a testament to the impact we are creating globally. With the addition of over 3,000 employees over the next six months (H12020), we are reiterating OYO’s commitments towards adding value to the country’s hospitality industry by continuing to provide a great experience at an affordable price to guests while building strong relationships with asset owners," CEO Aditya Ghosh had said in a statement.