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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.
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.
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.
Re: Yahoo India Layoffs: 45 In Bangalore Asked To Quit The image you have taken is hilarious. Good work.Awww.lucky-six.blogspot.com
The image you have taken is hilarious. Good work.Awww.lucky-six.blogspot.com
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