Yahoo Inc is cutting about 400 positions at its Bangalore, India, offices and is offering more than 40 percent of affected employees jobs in the US, a person familiar with the matter said.
About 1,100 people were working in Bangalore, according to the person. The shift is part of chief executive officer Marissa Mayer’s effort to bring teams together to improve the quality of Yahoo’s products, the person said.
“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,” the company said in an e-mailed statement. “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.”
Mayer, who oversaw more than 12,000 employees globally as of June, is seeking more efficiencies at Yahoo as she looks to invest in services to drive more revenue.
Mayer, who has been working to turn around the Web portal since July 2012, faces increasing pressure to reveal how she plans to shore up its core online advertising business.
Last month, activist investor Starboard Value LP urged Yahoo to stop making acquisitions and to consider breaking itself up or combining with AOL Inc.
So far, Mayer’s efforts have failed to narrow the company’s gap in online advertising with Google Inc and Facebook Inc Sales, excluding revenue shared with partner Web sites, declining 2.9 percent to US$1.04 billion in the latest quarter.
When Lika Megreladze was a child, life in her native western Georgian region of Guria revolved around tea. Her mother worked for decades as a scientist at the Soviet Union’s Institute of Tea and Subtropical Crops in the village of Anaseuli, Georgia, perfecting cultivation methods for a Georgian tea industry that supplied the bulk of the vast communist state’s brews. “When I was a child, this was only my mum’s workplace. Only later I realized that it was something big,” she said. Now, the institute lies abandoned. Yellowed papers are strewn around its decaying corridors, and a statue of Soviet founder Vladimir Lenin
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