Budget hospitality chain Oyo has been in the headlines for the past six months for layoffs, furlough, pay cut, and the standoff with hoteliers due to the covid19 pandemic. Amidst facing disruptions in operations across 80 countries, there is some positive news for probably hundreds of former and existing employees in the company.
The Softbank-backed firm has allotted ESOP worth $20 million to the employee’s welfare trust. It passed a resolution to approve allotment of 388 equity under the company’s ESOP 2018 plan.
Continue reading Oyo allots ESOPs worth $20 Mn to former and existing staffs at Entrackr.