Yahoo SDC (Software Development Center) is laying off everybody in India . The last day is November 7th and out of 2250+ people in Yahoo SDC Bangalore, only 250 remain (some of them have been given an option to go to Sunnyvale office).
The ones who have survived the layoff are mostly from engineering operations team (Yahoo India teams, which looks at Yahoo.in web properties are untouched).yahoo
From what we know, this is not a cost cutting exercise, but the company is planning to consolidate its development centers.
Yahoo is giving a severance package of 5 months (in extreme cases, 10 months) and the d-day for employees is November 7th (We hope Yahoo engineers use this as seed funding and startup!).
This comes as a surprise though, given that Yahoo recently acquired Indian startup, Bookpad and in some ways, sent a strong signal of focusing on Indian market for talent.
Exclusive : Yahoo Is Laying Off Everybody In India. Everybody. - NextBigWhat
The ones who have survived the layoff are mostly from engineering operations team (Yahoo India teams, which looks at Yahoo.in web properties are untouched).yahoo
From what we know, this is not a cost cutting exercise, but the company is planning to consolidate its development centers.
Yahoo is giving a severance package of 5 months (in extreme cases, 10 months) and the d-day for employees is November 7th (We hope Yahoo engineers use this as seed funding and startup!).
This comes as a surprise though, given that Yahoo recently acquired Indian startup, Bookpad and in some ways, sent a strong signal of focusing on Indian market for talent.
Exclusive : Yahoo Is Laying Off Everybody In India. Everybody. - NextBigWhat
