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New Blogs Announcement!!!
Modern Analyst has revamped our blogs to provide greater value to you! Two new blog pages have been created. Follow the links below to access the new blog pages or access them directly via our top navigation menu.
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While our original blogs and blog posts will remain available for viewing, community members will only be able to contribute new blog posts to the Community Blog. The Community Blog and Modern Analyst Blog have been seeded with blog posts from the original blog page.
Modern Analyst Blogs
Oct 16

Written by: Ashish Kumar
Thursday, October 16, 2008 1:01 PM 

 

Yahoo Layoffs: 45 In Bangalore Asked To Quit

Yahoo (NSDQ: YHOO) India has asked 45 full time employees to put in their papers, reports Business Standard, quoting a source who says that over 100 employees may be asked to quit. Additionally, a senior employee has told BS that recruitment has been slow ever since the Microsoft (NSDQ: MSFT) bid.

This may be a part of job cuts taking place worldwide at Yahoo, which is expecting to lay off around 1000 people globally. CEO Jerry Yang had mentioned a 1000 “Targeted” job cuts in an investors earnings call last month, and “a strategic workforce realignment” by mid-February, aimed at eliminating “redundancies in bureaucracy” and redeploying talent. We’ve contacted Yahoo India for a confirmation, and more info.

Update: Sharad Sharma, Yahoo’s R&D chief in India, has confirmed the layoffs.

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2 comment(s) so far...

Re: Yahoo India Layoffs: 45 In Bangalore Asked To Quit

Are you sure that you are talking about Oct-Dec08 Layoffs and not Mar-Apr08 layoffs.

By x on   Saturday, October 18, 2008 11:04 AM

Re: Yahoo India Layoffs: 45 In Bangalore Asked To Quit

The image you have taken is hilarious. Good work.

A
www.lucky-six.blogspot.com

By a on   Tuesday, October 21, 2008 12:06 PM

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