News Bench

Bangalore: American global Internet corporation Yahoo! is handing over ‘pink slips’ to almost 600 techies here to prune its employees in India and strengthen its core engineering activity in the US.

However, Yahoo! India R&D centre here refused to authenticate, a source told Wednesday that about 200 lateral/senior staff have, however, been asked to move to its main engineering centre in California, US.

The 20-year-old company said in the US late Tuesday that it was making some adjustment in its Bangalore operations to merge certain teams into fewer offices.

The company in a statement said “As we’re searching ways to achieve greater efficiency, collaboration and innovation across business, we’re making changes to the way we operate in Bangalore leading to consolidation of certain teams into fewer offices.”
Declaring that Yahoo! will uphold its presence in India, the internet giant said that its Bangalore operations would remain crucial to ensure sustainable growth.

“The team leaders have been given an opportunity to work in its product development centre at Santa Clara on the basis of their performance and long association,” the source said on condition of anonymity as he was not authorised to speak to the media.

Yahoo! India auxiliary has around 2,000 employees, with more than 1,000 occupied in back office operations for voice/data services and customer support.

The compensation to the fired staff would be a six-eight months’ severance package, rely on the years of service with the company here and domain expertise in its core competencies.