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Indian start-ups offer more stock options to their staff
May 08, 2020
Indian start-ups offer ESOPs to their staff in a bid to retain them following broad pay cuts due to economic disruption caused by the outbreak of the coronavirus in the country.
Online food delivery giant Zomato, hospitality chain Oyo Hotels & Homes, grocery delivery company Grofers and mobility project Bounce, are amongst those bulking up worker inventory alternative option pools, after initiating revenue reductions, obligatory or voluntary, throughout the board.
Zomato initiated a voluntary earnings deduction program, which also offers affected workers extra stock in lieu of the cash cut from their paycheques.
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