SoftBank-backed Oyo cuts salaries, furloughs employees

SoftBank-backed Oyo cuts salaries, furloughs employees

Oyo is furloughing more employees globally and levying a 25% pay cut across the board through July this year as the Indian budget lodging startup looks to reduce its expenses to deal with the coronavirus pandemic that has slashed its revenue by about 60%. Rohit...
Spotify launches its promised fundraising feature for artists

Spotify launches its promised fundraising feature for artists

Last month, Spotify announced that as part of its coronavirus relief efforts it would soon add new fundraising features for artists on its platform. Today, the company is following through with the launch of “Artist Fundraising Pick,” a feature that allows artists to...