Breaking News Yahoo India Is Laying Off 2500+ employees In India

[Sanjeev]

Yahoo SDC (Software Development Center) is laying off everybody in India . The last day is November 7th and out of 2250+ people in Yahoo SDC Bangalore, only 250 remain (some of them have been given an option to go to Sunnyvale office).

The ones who have survived the layoff are mostly from engineering operations team (Yahoo India teams, which looks at Yahoo.in web properties are untouched).

From what we know, this is not a cost cutting exercise, but the company is planning to consolidate its development centers.

Yahoo is giving a severance package of 5 months (in extreme cases, 10 months) and the d-day for employees is November 7th (We hope Yahoo engineers use this as seed funding and startup!).

This comes as a surprise though, given that Yahoo recently acquired Indian startup, Bookpad and in some ways, sent a strong signal of focusing on Indian market for talent.

Exclusive : Yahoo Is Laying Off Everybody In India. Everybody. - NextBigWhat

 

[IndianMascot]

2500 employees in one shot

 

[DashMajor]

And hence I hate Foreign Based Companies when they run on profit they hire Indians with less package and once they were struggling they fired Indians

 

[Sanjeev]

Yes this is the nature of foreign companies if there growth rate are negative they simply remove employees from their company which I hate

 

[IndianMascot]

I think govt should interfare in such companies who are doing such mass removal. Instead they kick then out of our country.

 

[DashMajor]

I think those who sacked will needs to protest against Yahoo and creates headlines then only they will got the justice.

Infact Nokia peoples too. That Satya Nadela become idol for many Indians but at other hand he screwing Indians

 

[Sanjeev]

I think those who sacked will needs to protest against Yahoo and creates headlines then only they will got the justice.

Infact Nokia peoples too. That Satya Nadela become idol for many Indians but at other hand he screwing Indians

Yes ek indian baki indian ko barbaad kar raha hai

 

[Technoglitch]

Nokia deal is different but here Yahoo is just laying off as it cant sustain.

 

[Deepu]

Yahoo is reducing the size of its operations in Bangalore, including possible layoffs. The operations in Bangalore are the largest engineering facilities of the Internet company outside its California headquarters.

The company said, in a statement, that it was consolidating “certain teams into fewer offices” in Bengaluru but it would continue to have a presence there. It is learnt that the move comes more than a week after activist investor Starboard Value LP publicly pressured Yahoo to cut what it referred to as a “bloated” cost structure.

Yahoo, a one-time Internet pioneer, is trying to revive stagnant revenue growth under the leadership of CEO Marissa Mayer, who took over two years ago. According to the sources, Yahoo had roughly 2000 employees in Bengaluru in March 2013.

Yahoo! may lay off staff in Bengaluru to scale-down India operations | Indian Television Dot Com

 

[DashMajor]

Yahoo cutting more jobs