Yahoo starts fresh layoffs in India
Internet firm Yahoo has started a fresh set of layoffs in India, affecting hundreds, as it seeks to consolidate its product engineering teams at its headquarters in Sunnyvale. While senior executives will be offered a position in Sunnyvale, a majority have been handed pink slips, said a source. India operations will be reduced to support and operations functions. Yahoo India R&D head Hari Vasudev and a few other senior executives have been asked to move to the US. Amit Dayal, vice president of search and marketplaces, has already shifted there.
Read the Economic Times news report here.