How is OYO doing ?

In last 6-8 months there has been lot of layoffs and many startup getting scrutinised due to funding etc..

But I can’t see Oyo name anywhere… Not much layoffs or nothing on their crunch.

Are they doing good or successful?

14mo ago

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GroovyNoodle

Stealth14mo

Oyo has changed a lot, in its offering, business/rev model.

It reduced its own properties by ~50%
Changed revenue model to revenue sharing to decrease business cost imposition
Focusing on mass premium and premium segments: increasing per transaction value instead of increasing volume of transactions
Have just become profitable

I think it's a good turnaround for them. And now that they're going public and rumours about IPO, I'd say they're on the right track

BouncyDonut

Stealth14mo

That is fir ipo, post ipo they wont care shit about profit

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Curated from across

Office Gossip24mo

Massive layoff at oyo

Heard from a friend that about 40 to 50% workforce to be fired. Saw some post on Linkedin from product and tech folks working at oyo with open to work tag.

Irony is Airbnb had the best quarter ever.