Yahoo Layoff Reports: 40-60 Jobs Cut In India; Finance, Toolbar, HotJobs


yahoo india layoffs

Official word in from Yahoo: “We got the notification on the layoffs yesterday, and have completed the process.” Yahoo has declined to comment on specifics. 

Original Story: Wednesday was or is layoffs day at Yahoo, depending on where you are based. The company cut around 1500 jobs worldwide, and India appears to have been affected too. I haven’t yet heard from anyone who has been laid off, but there are updates on twitter from some who have retained their job. A roundup of the reports, some of which are unconfirmed (we’ve contacted Yahoo India for a confirmation). Here goes:

– Bangalore job cuts: 3% jobs cut in Bangalore with 4 months severnce according to an unconfirmed SAI report. Around 40 jobs according to the Indian Express, 50 jobs according to ToI, and 60 as per Manorama Online.

– A possibly unrelated move, but ToI reports that Yahoo India’s Chief Information Officer Vishwanathan Krishnamurthy has quit.

– Finance outsourced: “Entire Finance group will be outsourced to an Indian vendor. Some will stay an additional 6 months for transistion.” Via SAI

– Toolbar engineering moved to Bangalore: “Yahoo toolbar entire engineering and QA team in US are got, all moved to Bangalore. Via SAI

– HotJobs team has been wound up: some have been redeployed, and some have been asked to leave. Via ToI

You can follow the Yahoo layoff updates on Twitter here…many of them are from people who’re looking to hire, or offer best wishes and support.

Update: Read Jerry Yang’s letter to the yahoos.

Category : Industry Moves, Yahoo | Tags :

  • http://google.com Anish

    My orkut fortune page says “The guy who reads your fortune was fired. Until we hire a new guy, go visit a friend’s album ” – wondering whether goole too start giving out pink slips :)

  • Chris

    About.com reported that employers and recruiters use these 3 job sites most to find quality candidates. (good luck to those looking)

    http://www.linkedin.com (professional networking)
    http://www.indeed.com (agreegated listings)
    http://www.realmatch.com (matches you to jobs)

    Whole Top 10 list here:
    http://jobsearch.about.com/od/joblistings/tp/jobbanks.htm

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  • http://www.layoffgossip.com chetan

    People always hate to talk about when they are laid off. But as it has become every day’s news headline since Yahoo started it with cutting 1500 of its task force last year, now a need of platform has been in demand where people can express their selves in words how they are feeling about their company, whey the got laid off was that justified or not. And every thing they want to tell anonymously.

    And http://www.layoffgossip.com is providing you that platform.

  • http://www.layoffgossip.com chetan

    People always hate to talk about when they are laid off. But as it has become every day’s news headline since Yahoo started it with cutting 1500 of its task force last year, now a need of platform has been in demand where people can express their selves in words how they are feeling about their company, whey the got laid off was that justified or not.
    And every thing they want to tell anonymously.And http://www.layoffgossip.com is providing you that platform.

  • kavita

    yahoo should first think of cutting on their unorganized office spaces and unutilised staff and people who are having a gala time fooling their managers by being gooooooooooooood employess….yahoo top management is sleeping and HR has no clue what’s happening when they hire and when they fire.

  • Ex Yahoo!

    I heard that Yahoo! Bangalore QE Head asked to leave the company. Is that correct ?? He was the culprit of recruiting all non skilled people into QE Department .

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