Yahoo Lays Off 400 Employees in India

161 Views

Yahoo has struggled in recent years. Once a tech and search engine giant, it’s fallen to the wayside as Google and Facebook have continued to climb the ranks. Since stepping up as CEO, Marissa Mayer has had her mind set on consolidation and restructuring within the organization.

Yahoo Bangalore

Facing some of the most intense pressure in her two-year stint as CEO, Mayer announced this week that the company has laid off 400 employees in its Bangalore, India, office, her largest reduction to date.

According to Reuters, Yahoo had 2,000 employees in its Bangalore office as of last March, and only a small group will be transferred to the tech company’s Sunnyvale, CA, headquarters. The layoffs represent only 3% of Yahoo’s total staff of 12,000, yet eliminate nearly 1/3 of a team in Bangalore dedicated to technology, operations support, and engineering.

“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,” the company said in a statement. The layoffs are said to have stemmed from feedback by activist investor Starboard Value, warning of bloated structure costs and the need to reduce expenditures and stop acquisitions. Starboard also encouraged Yahoo to explore a merger with AOL.

The last major reduction at Yahoo was in April 2012, when former CEO Scott Thompson cut 2,000 employees, or approximately 14% of the staff. Multiple CEOs have struggled to revive the business, and tech watchdogs will be following Mayer’s steps.

Aside from the layoffs, Yahoo has been in the news recently for its nearly-$20 million investment in Snapchat, a popular app allowing users to send pictures. Under Mayer, Yahoo has bought dozens of other companies, including Tumblr, Summly, and more.

Get more stuff like this
in your inbox

Subscribe to our mailing list and get interesting stuff and updates to your email inbox.

Thank you for subscribing.

Something went wrong.

Games Security
Leadberry.com
A next gen B2B lead generation tool for companies – Leadberry
Gmail
Exciting Feature you need to know about Gmail
Digital Marketing
Expanding Your Digital Marketing in 2017
External Giveaway Freebie TechnoGiants Giveaway
iCare Data Recovery Pro
Giveaway #39: iCare Data Recovery Pro Free Download with License Key
Mother's Day Campaign
Freebie: TechnoGiants Celebrating Mother’s Day
iCare Data Recovery Pro License Key
Giveaway #38: Free iCare Data Recovery Pro License Key for 3 Days Only
Android iPhone
iPhone 8
The Apple iPhone 8: Everything We Know About It!
iOS 10.3
5 things that make iOS 10.3 a milestone update
Mobile Apps
How to Manage Files and be Productive with Mobile Apps
Adsense
Outsource SEO
5 tips that will help you with SEO Outsourcing
Search Engine Optimization
A Beginner’s Guide to SEO
Social Media Tips
7 Best Practices for Organic Link Building
MAC Software
DVD Copy
How do you copy DVD with DVDFab DVD Copy Software?
Able2Extract Professional 11
6 Time-Saving Tricks: Featuring Able2Extract Professional 11
Review FotoJet
Review FotoJet: Create Photo Collages and Designs for Free
Blogging Social Media
eCommerce
How to Set Up an eCommerce Store Using WordPress in 7 Steps
Instagram
Instagram Features you Should Maximize
WordPress Security
9 Simple Tips to Help Buff up Your WordPress Security!
Debit cards
The Rise in use of Credit/Debit cards in India after Demonetization
Data Recovery
Infographic: Data Loss & Data Recovery
Magento Ecommerce Website
Infographic: Magento Ecommerce Website Design and Development
Xamarin Benefits
Infographic: Xamarin Benefits for Business
Read previous post:
SmartWatches
Top 5 New SmartWatches

In the last year alone, wearable technology has completely evolved. The first round of smartwatches that hit the market were...

Close