![Oyo Hotels, which is backed by SoftBank is firing thousands of staff across China and India to trim costs. AFP](https://thenational-the-national-prod.cdn.arcpublishing.com/resizer/v2/Z4X65XYLNLIJXVRIWHYFGLHEXU.jpg?smart=true&auth=50283b8d0d335375ec144cfd2ccd429e62684ac655ce97db5b2ca8ce4dd6dfe8&width=400&height=225)
Oyo Hotels, which is backed by SoftBank is firing thousands of staff across China and India to trim costs. AFP
Oyo Hotels, which is backed by SoftBank is firing thousands of staff across China and India to trim costs. AFPSoftbank to launch second Vision Fund with $108bn backing from global tech giants
Microsoft and Apple among those committed to the fund. The first Vision Fund had Saudi and Abu Dhabi funds as its backers