Yahoo Said To Lay Off 400 In India

Yahoo is laying off an estimated 400 employees at its offices in Bangalore, India as it consolidates operations there to improve efficiencies. The company confirmed cutbacks among the approximately 1,100 staff in Bangalore, but declined to specify how many were affected. 

A majority of those roles were not impacted and Bangalore continues to remain an important center for Yahoo,” said a company spokesperson.

Bloomberg, citing a person familiar with the situation, reported that about 400 positions had been cut in Bangalore, with the company offering more than 40% of affected employees jobs in the U.S.

Yahoo had earlier released a statement in response to the report in the India-based tech blog NextBigWhat, cited by TechCrunch, that Yahoo was laying off 2,000 out of more than 2,250 employees at its Software Development Center in Bangalore: “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.”

In its annual report filed with the Securities & Exchange Commission earlier this year, Yahoo noted that its engineering and production teams are located primarily at its headquarters in Sunnyvale, Calif., Bangalore and Beijing. As of the end of the second quarter, the company had about 12,200 employees overall, up 5% from a year ago.

News of the cutbacks in India comes little more than a week after Yahoo announced acquiring Bangalore-based startup Bookpad, which makes software for document editing and collaboration in enterprise applications.

Yahoo is scheduled to report third-quarter results on Oct. 21.

But the company disputed a local report cited by TechCrunch, estimating layoffs of about 2,000 people.

Next story loading loading..