World’s renowned software company Yahoo is virtually kicking out everyone in India.
According to sources Yahoo SDC (Software Development Center) is on November 7th virtually laying off around 2000 people in Bangalore. Only a few were given the option at Sunnyvale office.
Only employees in engineering operations team, Yahoo India teams, which looks at Yahoo.in web properties remained immune from these layoffs.
Inside talk is Yahoo is planning to consolidate its development centers. Employees are given a severance package of 5 months (in extreme cases, 10 months) and the d-day is November 7th. This came as a huge shock to Yahoo employees as the company recently acquired Bookpad, an Indian start up.