employees out of its 12000 employees in India 360 staff in US 600 staff in

Employees out of its 12000 employees in india 360

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employees out of its 12,000 employees in India, 360 staff in US & 600 staff in China. Oyo has taken this decision in an attempt to reorganize its structure and cut down costs Treebo laid off around 100 – 120 employees (about 20% of its workforce) Treebo was expecting the $40 million investment from the Hotel chain Accor It previously was in an Market value $10 Billion Market value $82 Million
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Problem Stateme What is the impact of large-scale layoffs on morale and productivity of surviving employees ? What the Literature says:- After a layoff, survivors experienced a 20% decline in job performance (Sucher & Gupta,2018) The employees who survived layoffs experienced about 20% decline in productivity, 41% decline in job satisfaction, and about 36% decline in their commitment to the organization. (Carral & Kajanto,2008) Downsizing a workforce by 1% leads to a 31% increase in voluntary turnover the next year.(Madison & Nyberg,2009)
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Oyo losses for FY 2019 -2384 Cr Oyo Employee Expenses – 1539 Cr Total Employees – 12k No. of Employees laid off – 3k mainly to cut man- power costs Three departments – Supply, transformation and operations Analysis of the Layoff
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  • Fall '17
  • Termination of employment, Neal Creative, Oyo Employee Expenses

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