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Yahoo in China – To cut “around 350” jobs while closing

Internet giant Yahoo is closing its China office as part of a worldwide consolidation aimed at cutting costs. yahoo_twitter_icon_118x118_finance_normal

The Beijing research centre is Yahoo’s only remaining physical presence in the country after it sold its Chinese operations to Alibaba in 2005.

A spokesperson said “around 350 jobs” would be eliminated.

“We are constantly making changes to align resources, and to foster better collaboration and innovation across our business,” Yahoo said in a statement.

Chosen excerpts by Job Market Monitor. Read the whole story at  BBC News – Yahoo to shutter China office and cut “around 350” jobs.

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