Yahoo moves editorial operations out of Chennai
The ten-member team was employed with a Bangalore-based news syndicate, which had an office in Chennai. Modern Moguls | Tycoons with a golden heart
By Meera Vankipuram, TNN |
| Yahoo CEO Jerry Yang at the Consumer Electronics Show in Las Vegas. More |
CHENNAI: In a sudden move, Yahoo India has moved its editorial operations out of Chennai. Besides that, it is also learnt that it has terminated a technical support agreement with a software services firm.
The reason for the decision is not known, but sources said that the ten-member team, which contributed editorial content to Yahoo India have been given option to join company's Bangalore office or exit.
The ten people were employed with a Bangalore-based private news syndicate, which had an office in Chennai.
An employee of Yahoo's Chennai office confirmed the development. "Yahoo has offered to absorb them into the organisation if they are willing to relocate," he told The Times of India, on the condition of anonymity.
A spokesperson for Yahoo India said, "Yahoo routinely consolidates its operations for better scale and growth. We currently have three employees at our Chennai office and are relocating them into our other facilities.
The reason for the decision is not known, but sources said that the ten-member team, which contributed editorial content to Yahoo India have been given option to join company's Bangalore office or exit.
The ten people were employed with a Bangalore-based private news syndicate, which had an office in Chennai.
An employee of Yahoo's Chennai office confirmed the development. "Yahoo has offered to absorb them into the organisation if they are willing to relocate," he told The Times of India, on the condition of anonymity.
A spokesperson for Yahoo India said, "Yahoo routinely consolidates its operations for better scale and growth. We currently have three employees at our Chennai office and are relocating them into our other facilities.
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The Chennai office was inherited through an acquisition made some time ago and this relocation is part of our integration plan for better scale. "We are aggressively hiring and continue to grow in India," he further added. The move comes close on heels of Keane India axing 400 jobs across its centres in India.
Courtesy: Times of India
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