Yahoo to lay off 300 employees in India BANGALORE: For years, Yahoo had been building up its Bangalore operations as one of its global technology centerpieces. Now, in a radical restructuring, the internet company is pulling back work to its Sunnyvale, California, headquarters, and laying off large numbers of its employees in Bangalore. Yahoo declined to talk about the numbers being retrenched, but sources in the company and others close to the company said some 300 out of the 800-odd developers were being asked to go. Some have been asked to relocate to Sunnyvale. Affected employees started getting their intimations on Tuesday. The laid-off employees have been offered a six-month severance package. Those asked to relocate to the US but unwilling to do so have been offered a 12-month severance package, sources in the company said. There was much speculation on Tuesday that the entire Yahoo India R&D operation was being shut down. That may be an exaggeration. Yahoo India issued the following statement: As we ensure that Yahoo is on a path of sustainable growth, were looking at ways to achieve greater efficiency, collaboration and innovation across our business. To this effect, were making some changes to the way we operate in Bangalore leading to consolidation of certain teams into fewer offices. Yahoo will continue to have a presence in India and Bangalore remains an important office.
Posted on: Tue, 14 Oct 2014 14:06:21 +0000
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