The company reportedly said that it would be hiring 250 new members for partner relationship management and business development teams.

The company added that it is making 'wide ranging' changes in its organizational structure, the reports said.

Online hotel aggregator Oyo is planning to lay off 600 employees", who are part of the product and engineering, corporate headquarters and Oyo vacation homes teams, according to reports.

The company reportedly said that it would be hiring 250 new members for partner relationship management and business development teams.

The company added that it is making 'wide ranging' changes in its organizational structure, the reports said.

With the laying off of 600 employees and hiring of 250 fresh members, the net downsizing will be around 350. This adds up to nearly 10 percent of Oyo's 3,700-employee base.