Yahoo to lay off 300 employees in India

Yahoo to lay off 300 employees in India

Since few years yahoo has been building its global operations at its Bangalore location and part of restructuring process it has been laying off large number of its employees and staff in Bangalore location. As per the company sources it has been planning to layoff nearly 300 developers out of 800 developers and some have been asked to relocate to Sunnyvale. The laid-off employees have been offered a six-month severance package. Those asked to relocate to the US but unwilling to do so have been offered a 12-month severance package, sources in the company said.

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