Yahoo Cuts Jobs, Shuts Down Operations in China

Posted By: Gizbot Bureau

    Internet giant Yahoo Inc. is withdrawing its remaining operations in China, laying off over 200 employees and shutting down its Beijing research centre, a media report said.

    The company said it informed employees of the job cuts on Wednesday, The Wall Street Journal reported.

    The Beijing office, Yahoo's only physical presence in mainland China, was mostly made up of engineers and functioned as a research and development centre.

    "We will be consolidating certain functions into fewer offices, including to our headquarters in Sunnyvale, California," Yahoo said.

    Yahoo Cuts Jobs, Shuts Down Operations in China

    Recommended: Top 10 Best Smartphones with 12 MP Plus Camera Under Rs 15,000

    The layoffs are the latest in a series of cost-cutting measures by chief executive Marissa Mayer.

    Including the latest round, Yahoo has laid off nearly 900 employees since October 2014, mostly in offices outside the US.

    The layoffs in China represent about two percent of Yahoo's global staff of 12,500.

    Recommended: Best EMI Offers on Smartphones: Top 10 Zero Percent Interest Deals in India

    Job cuts in recent months have also affected workers in Bengaluru, India, and the company's Canadian offices.

    Yahoo stopped offering services to users in China in 2013. That year, it told email users to transfer their accounts to Alimail, an email service offered by Yahoo's close partner in the region, Alibaba Holding Group Ltd.

    The Chinese address for its home page,, redirects visitors to its Singapore site.

    Source: IANS

    Read More About: yahoo china news

    Stay updated with latest technology news & gadget reviews - Gizbot

    We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Gizbot sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Gizbot website. However, you can change your cookie settings at any time. Learn more