Oyo’s ESOPs for all furloughed employees hit by pandemic
Hospitality firm Oyo is granting employee stock ownership plans (ESOPs) worth a total of around Rs 130 crore to all its furloughed employees impacted by the COVID-19 pandemic as part of its efforts to minimise the disruption being experienced by them, an internal e-mail from its founder Ritesh Agarwal said on Monday.
migrator
New Delhi
On April 8, Oyo founder-Group CEO Ritesh Agarwal had said in a letter and video message that the company will place a certain number of employees on furloughs or temporary leaves, globally. In an internal town hall note to the impacted employees, Agarwal on Monday said while he hoped that the company can get as many employees back, he is cognisant of the practical reality that the uncertainty around the COVID19 situation will continue for sometime. “I would like to recognise your contributions and this love and passion for Oyo by making you a co-owner and shareholder of the firm. I would like to inform you all impacted Oyopreneurs would be eligible for ESOPs worth around Rs 130 cr,” he added.
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