外文标题：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, 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.”
COLRANBIRLAMBA lamba (Location)
Darshan M (Unknown)
So Yahoo is taking jobs back to USA …….. thats not good and it may also increase its cost……….
candu with time (Unknown)
Yahoo stock has been on slide for a while. Yahoo is trying to restructure to become viable. Its pity to see so many job losses in India!
Bad news as well as good news; will work for Indian companies instead.
george samuel (Unknown)
NOKIA, Yahoo which is next
Manoj Kumar (Location)
Yahoo is a long gone story…
Gs Rajput (Unknown)
Yahoo has struggling with competitor like Google, Microsoft internet giants. Need to comeback with innovate solution to sustains in competitive market . So sad to hear lay-offs. …………
300 in India = 3000 in China = 30 in US
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Laid off emplyees got a good deal. They can get some job in 6 months time. InIndian companies fired employees are not even give one months’s pay. There is a aompany in Hydearbad where the MD sends an SMS to the employee to be fired which reads “Your resignation has been acceapted with immediate effect and you need not reprot for worktomorrow”. Thereafter it takes 6 months toone year for the employee to get his dues.
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