Leaked email reveals that Oyo is planning to lay off most of its US staff and give them a new option to buy stock in the SoftBank-backed hotel company
Published
· SoftBank-backed budget hotel company Oyo will lay off most of its US staff, per a leaked email sent to employees Wednesday night.
· The employees will have the option to buy Oyo stock, though one employee said he doesn't know anyone planning to take that offer.
· Oyo has raised more than $3 billion in capital, though...