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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 had china operations? — Bill Bishop (@niubi) March 19, 2015 Last month, Yahoo India laid off over half of its editorial team based in Bangalore and about 35% of its editorial staff in Canada, which together represented about 100-200 job cuts. The reasons for the layoffs were global reorganization and restructuring. At the time, one source had told MediaNama that Yahoo CEO Marissa Mayer’s focus is only on the US. “Marissa’s entire focus is the US. She doesn’t care what happens in the regional markets,” a source said. “If they lose resources in the regional markets, that’s okay for them. Regional markets don’t have as much revenue as the US market.” Last…

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