TOKYO: Oyo Hotels, one of the largest startups in SoftBank Group Corp’s portfolio, is dramatically shrinking its footprint and headcount in Japan as bookings in the country plunge due to travel restrictions.
The Indian startup slashed its regional presence by closing offices in provincial centres Sapporo, Sendai, Nagano, Hiroshima and Omiya at the end of June, chief business officer Ryota Tanozaki said in an interview.
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