SoftBank-backed Oyo furloughs some U.S. workers as coronavirus hits revenue

BENGALURU (Reuters) - SoftBank-backed Oyo Hotels and Homes is furloughing some employees to cut costs, it said on Wednesday, as lower travel due to the coronavirus pandemic slams the hospitality industry.The India-headquartered company said it would place an unspecified number of employees on furloughs, or temporary leaves in the United States and other countries. The U.S. is Oyo's third biggest market after India and China.Oyo said it was not currently considering job cuts in any market,..