Oct 08 2014, 10:26 IST
SummaryBangalore Centre is Yahoo's largest engineering centre in the world after Sunnyvale, California.
Yahoo Inc is learnt to be laying off about 400 workers at its Software Development Centre (SDC) in Bangalore. The Bangalore Centre is Yahoo�s largest engineering centre in the world after Sunnyvale, California and the retrenchment is the biggest layoff at the Internet major since 2012, when it sacked 2,000 employees globally.
Confirming that it is �consolidating certain teams into fewer offices in Bangalore�, Yahoo, however, refused to offer a comment on the number of workers it had sacked. �We will neither confirm nor comment on the retrenchment,� a company spokesperson told The Indian Express. Most of the engineers who are being asked to go are being offered five months of pay as severance and the layoffs will be effected in phases that would be completed by December, a company insider said.
Yahoo�s India operations have two broad units �the SDC that operates as outsourcing wing for Yahoo�s global engineering needs, and Yahoo India, which handles editorial, sales, search and other support units.
�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,� the company said in a statement, adding that it will continue to have a presence in India and Bangalore would remain an important office.
Won�t comment, says Yahoo
* The Bangalore Centre is Yahoo�s largest engineering centre in the world after Sunnyvale, California
* The retrenchment is the biggest layoff at the internet major since 2012, when it sacked 2,000 employees globally
* Yahoo, however, refused to offer a comment on the number of workers it had sacked
* Most of the engineers who are being asked to go are being offered five months of pay as severance
More from Companies
Editor´s Pick
Hrithik Roshan 'Bang Bang' box office collections plunge on Eid, but film manages Rs 142 cr
iPhone 6 hit by new social media storm
Flipkart, Snapdeal, Amazon all set for Diwali super sale
Copyright © The Indian Express ltd. All Rights Reserved.
No comments:
Post a Comment