Budget hotel chain FabHotels laid off approximately 80 employees on March 30, 2020, as the COVID-19 pandemic severely impacted the travel and hospitality industry. This reduction affected about 20% of its roughly 400-person workforce, with cuts in operations and sales roles. Additionally, the company implemented salary reductions of 15-25% across all remaining staff, including co-founders, to conserve cash. The layoffs and pay cuts reflect the broader crisis hitting Indian startups in the sector, with FabHotels warning of further job losses if conditions did not improve by early May.
