@techinasia@techinasia As the Chief HR Officer for OYO, want to clarify that this news is absolutely false and Ritesh continues to lead the company and provide leadership as Group CEO. Request you to please remove this post at the earliest.
Clarification basis inaccurate and FALSE news
Today a publication issued a ‘source’ based article about Ritesh Agarwal stepping down as Group CEO. It is FALSE news, OYO continues to get services of Mr Agarwal as Group CEO and lead the company.
While it is tough, we have extended healthcare, education and financial benefits to employees and assure continued support in case of medical emergencies. We stay committed to supporting all OYOpreneurs during these difficult times. Stay safe! (2/2)
https://t.co/p0ktGBmNyV
We at OYO have been impacted by COVID & had to take some tough calls. While we have stood by our commitment to minimize job losses, some OYOpreneurs are placed on Leave with Limited Benefits from May 4. There has been no salary cuts for those earning 5L PA and below. (1/2)