The people who are getting fired are the ones who are mainly working in product engineering. It’s about 3 percent of the total headcount which is set to be terminated leading the Bangalore office to effectively shut down. Five months of severance pay has been offered to the employees who will say goodbye on November 7. Yahoo stated:
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.
Yahoo’s staff count in India has descended to around 1500, which was approximately over 2000 last year. Fired Yahoo engineers expected to be one of the country’s top talents have already received job offers from a few Indian companies. Times Internet Limited CEO Satyan Gajwani tweeted, “Yahooers – We are hiring across skill sets and across businesses. Send me a mail [email protected] and explore your options!”
Zomato head Deepinder Goyal tweeted, “We are (always) hiring” with an image that had “Yeah, Who?” written on it in a font similar to the one used by Yahoo in its logo. Rishi Khiani, founder of UrbanEye, said he had 100 open positions. “Hiring developers for AntFarm.in, we have over 100 open positions. So please pass this on to any Dev’s over at Yahoo that just got slipped,” he tweeted.