Treebo fires 15% workforce after failing to raise funds: Report

Bengaluru-based budget hotel chain Treebo Hotels has reportedly fired over 120 employees, representing about 15% of its around 900-employee workforce, Entrackr reported citing over half a dozen sources including employees. "The firm has been trying to raise funds from quite some time," Entrackr's sources said, adding, "It looks like the fundraising plan is far from materialising."