Just ahead of its Q3 earnings, Yahoo is laying people off in its international business. Specifically, it is downsizing its software development center in Bangalore, India. We understand that 400 people, mainly working in product engineering, have been affected.
Yahoo has issued a statement to us confirming “consolidation” into fewer offices:
“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…To this effect, we’re making some changes to the way we operate in Bangalore leading to consolidation of certain teams into fewer offices. Yahoo will continue to have a presence in India and Bangalore remains an important office.”
Earlier today one local blog, The Next Big What, pegged the number at around 2,000 employees, which would have been a big deal if it were correct, ranking up with Yahoo’s biggest-ever workforce reductions (the last 2,000 round was in 2012, under previous CEO Scott Thompson). But at 400, the number is some ways smaller than that, if still a significant amount, and a big deal especially to those affected. Prior to today, Yahoo employed about 1,100 people in the country, out of 12,000 globally.