Yahoo Downsizes Its India Operations, Offers Pink Slips To Hundreds Of Engineers
Advertisement
Advertisement
In what is being considered as the biggest layoff at
The information was revealed by a person, who worksat its Software Development Centre (SDC) in Bangalore. This is considered to be Yahoo’s largest engineering centre in the world after California’s
Media reports suggest that November 7 is the deadline to complete the process and engineers who are being laid off have been offered five-month pay as severance. A few of the lucky ones are being offered positions in Sunnyvale.
According to a Yahoo spokesperson, “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.”
Advertisement
Under the leadership of
Those who have been offered pink slips can breathe a sigh of relief as the other Internet companies are already started reaching out to sacked Yahoo employees through social media.
Image: wikipedia
Advertisement
- Luxury “floating” beach unveiled in France, termed an “ecological aberration”
- Scientists think they’ve spotted 60 potential alien power plants in the Milky Way!
- Bread, butter, milk-based health drinks, cooking oils classified as ultra-processed food, ICMR advises restriction
- Debt, equity holders approve merger of IDFC with IDFC First Bank
- Sunrisers Hyderabad to take on Punjab Kings as they look to grab the second spot in IPL points table
- Nothing Phone (2a) blue edition launched
- JNK India IPO allotment date
- JioCinema New Plans
- Realme Narzo 70 Launched
- Apple Let Loose event
- Elon Musk Apology
- RIL cash flows
- Charlie Munger
- Feedbank IPO allotment
- Tata IPO allotment
- Most generous retirement plans
- Broadcom lays off
- Cibil Score vs Cibil Report
- Birla and Bajaj in top Richest
- Nestle Sept 2023 report
- India Equity Market