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).
*Update : There are several reports that claims that Yahoo is laying off ~600 employees (mostly engineering).
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.
“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. To this effect, 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.” [Official statement from Yahoo India]
» Tip : For startups looking to hire talent, go ahead and add your job opening details here and attract some of the best engineering talent that Yahoo has.