SoftBank-Backed Oyo to Cut About 5,000 Jobs in Overhaul
Pedestrians walk past an Oyo hotel, operated by Oyo Hotels Japan G.K., in Tokyo, Japan. (Photographer: Toru Hanai/Bloomberg)

SoftBank-Backed Oyo to Cut About 5,000 Jobs in Overhaul

(Bloomberg) -- Oyo Hotels is cutting its global workforce by about 5,000 to 25,000 people, with the deepest reductions in China after business there crumbled in the wake of the coronavirus outbreak.
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