Yahoo! plans to slash nearly 2,000 jobs globally. This will happen in a phased manner. The company said that this is part of the “next major step to reshape the company for the future’’.
Today, the company will begin the process of informing employees about these changes.
In India, Yahoo! has a large presence in Bangalore. However, its spokersperson said that the company does not give local implications on such issues.
“Today’s actions are an important next step towards a bold, new Yahoo! — smaller, nimbler, more profitable and better equipped to innovate as fast as our customers and our industry require,’’ Mr Scott Thompson, CEO of Yahoo!, said in a statement.
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.