Massive jobs cuts at Yahoo, 400 laid off in Bangalore

Mangalore Today News Network

San Francisco, Oct 08, 2014: Web-giant Yahoo Inc laid off 400 employees in its Yahoo Software Development Centre (SDC), situated in Bangalore, to cut costs and seek new areas of growth. The job cuts mostly happened with product teams, and some employees were offered positions in the company’s Sunnyvale, California, headquarters.

A Yahoo spokeswoman confirmed that company consolidated teams in Bangalore but declined to give details: "As we ensure that Yahoo is on a path of sustainable growth, we’re looking at ways to achieve greater efficiency, collaboration and innovation across our business. To this effect, we’re 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."

The firm under Chief Executive Marissa Mayer is passing through its tough times.

While the company has added dozens of engineers over the past two years through small acquisitions of teams specializing in emerging areas like mobile apps, its head count has remained largely unchanged.

Yahoo had announced the deadline of November 7 for expelling approximately 2200+ employees.

Courtesy: Indiatoday