India, Jan. 28 -- In the first month of 2020, Gurugram-based hospitality unicorn OYO made headlines with its internal restructuring which led to mass layoffs. The company is also expected to announce another round of layoffs in March 2020, so job security is not one of OYO's strengths at this time.

Amid the downsizing, the company has also suspended further campus hiring for now. At the same time, OYO clarified it would not roll-back any job offers it had already given to graduates in campus hiring.

An ET report citing several business schools in the country such as IIM Bangalore, IIM Calcutta, IIM Kozhikode and SPJIMR said that OYO had missed final placements this year. It further said that IIM-K and SPJIMR have already completed their...