Treebo to fire 100-140 employees, Founders to take a 60% pay cut

Hotel bookings startup Treebo is planning to fire 100-140 employees while its founders and leadership team have decided to take a pay cut amid the coronavirus pandemic. The startup's Co-founders will take a 60% salary cut while the leadership team will cut salaries by 40%. The founders and leadership team will take the pay cut until the business is stable.