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
Business Insider -

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 the last fundraise included $700 million from its young chief executive, Ritesh Agarwal.

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