Cloud Computing: Yahoo to exit from China
March 22, 2015
Grazed from Inquirer. Author: Editorial Staff.
Yahoo Inc is set to completely exit from China this year, after the United States-based technology giant said it was shutting its research and development center in Beijing. The company’s decision to end its only physical presence in the Chinese mainland could eliminate as many as 300 jobs, industry sources said on Thursday.
Yahoo, however, declined to specify the actual number of jobs that would be made redundant. “We are constantly making changes to align resources, and to foster better collaboration and innovation across our business. Today (Wednesday) we informed our employees based in Beijing that we will be closing our office there,” a statement said…
The workers, mostly engineers, will be relieved from their posts by the end of this month, according to The South China Morning Post…
Read more from the source @ http://technology.inquirer.net/41443/yahoo-to-exit-from-china