Yahoo Lays Off More Employees Across Asia, Plans the Same for Europe
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, 11-04-2014 at 09:31 AM (1473 Views)
Yahoo is on a spree of massive restructuring as it rethinks its business model outside North America, where its core market is. It looks like the company is laying off people in multiple countries, both in Europe and in Asia.
According to TechCrunch, the company is laying off sales people in Vietnam, Indonesia and Malaysia, a move that’s affecting around 25, 50 and 15 people, respectively. Yvonne Chang, VP of the Asia-Pacific area, based in Singapore, will also be stepping down from her position as senior regional sales head.
There are also “operational reviews” underway in Europe, the Middle East and Africa. After the closing of Yahoo’s headquarters in Jordan last month, its operations in Budapest, Hungary, have also reached an end.
“We recently shared with Yahoo employees in the EMEA region that we will be undertaking an operational review that proposes changes to the way our teams and businesses are structured in the region. This is part of our efforts to streamline our EMEA operations and realign resources and investments in a way that sets up Yahoo’s business in the region on a path of sustainable growth,” one Yahoo spokesperson said on the topic.
Despite these measures, Yahoo claims that the EMEA region (Europe, the Middle East and Africa) continues to be important for them and the company wants to deliver the best possible products and experiences for users and advertisers.
There were no mentions about whether or not there are any cuts planned for Europe too and what departments they may target.
No options for these employees
TechCrunch’s sources indicate that Yahoo is planning to write down the charges in its fourth quarter earnings report. The Vietnam office was closed in the third trimester, while employees in Indonesia and Malaysia have until December 14, when the office closes.
In recent months, Yahoo has cut out some 400 jobs in Bangalore, India, most from the engineering offices. Some were offered the chance to relocate to the United States, to work in the California offices, while others were ignored. It seems that the new round of cuts across the Asia-Pacific area is accompanied by a similar attitude where workers aren’t being offered a chance to continue being a part of Yahoo, but from a different country.
Relocating, as it is, would be difficult enough for anyone, especially when it comes to moving across the globe.
Yahoo has been cutting down jobs from its foreign offices as it seeks to create a sturdier company, following a series of bad quarterly results.