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Yahoo to shut China office; 300 employees expected to be laid off

Yahoo is shutting down its office in Beijing, China, reports South China Morning Post. This move is expected to result in up to 300 job cuts, with the layoffs expected to begin by the end of this month. Following the shutting down of all of Yahoo's B2C services in China, including its primary website Yahoo China, its music service and email service, the Beijing office (Yahoo's only office in the country), served as a research and development center. The report mentions that labor costs being almost double that in India, and given that Yahoo doesn't offer any direct consumer services in China, this was the logical move. Yahoo to shutter China office and cut "around 350" jobs. Reminds me of Congress party, with its penchant for a descent from greatness — Madhavan Narayanan (@madversity) March 19, 2015   Yahoo still…

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