Yahoo to consolidate workforce in India office for ‘sustainable growth’
Yahoo is restructuring the team in its India office as part of it endeavours towards maintaining ‘sustainable growth’ in the market. It is understood that as part of this, the tech major would be consolidating positions, that would lead to staff redundancy in its Bangalore office.
“As we ensure that Yahoo is on a path of sustainable growth, we’re looking at ways to achieve greater efficiency, collaboration and innovation across our business,” said a Yahoo official statement, in response to DMA’s queries on the subject.
The restructuring process is being done with the objective to build a leaner and focussed team. “To this effect, we’re making some changes to the way we operate in Bangalore leading to consolidation of certain teams into fewer offices,” the statement said, and reiterated, “Yahoo will continue to have a presence in India and Bangalore remains an important office.
The move follows a recent announcement, where Yahoo acquired Indian startup Bookpad, an online document creating and editing software. It seeks for a broader exposure in the Indian market.
