TEMPO.CO, Jakarta - Multinational company Yahoo Inc. has laid off its employees across the world. In Vietnam, Yahoo has laid off 25 employees, in Malaysia 15 employees, and in Indonesia 50 employees.
In Singapore, although there are currently no employee redundancies, one of Yahoo’s most-senior regional sales heads based in Singapore, Yvonne Chang, is said to leave the company. Meanwhile, in Europe, Middle East and Africa (EMEA), the company is undertaking an operational review across the region that has resulted in the closure of Yahoo's operations in Budapest and Jordan last month.
As reported by Techcrunch on Tuesday, November 4, 2014, a spokesperson confirmed that they recently shared with Yahoo employees in the EMEA region that it will be undertaking an operational review that proposes changes to the way the teams and businesses are structured in the region. "This is part of the company's attempt to maximize its system," he said.
However, Yahoo said that businesses in potential areas will continue as normal. The spokesperson refused to comment on the company downsizing in Vietnam, Indonesia, and Malaysia, nor are there more details on what further cuts might occur in Europe.
The Vietnam office was closed in Q3 of 2014, while employees in Indonesia and Malaysia have been told that Yahoo will be closing by December 14, 2014. This is a different situation from India where some engineers were offered to relocate to Yahoo's offices in California after Yahoo cut 400 people from its operations in Bangalore.
Yahoo hoped that Asia is expected to pull in some US$700 million in revenue for the full year this year, but that’s down from over the US$1 billion five years ago. The conditions in Jordan last month is feared to happen also in Indonesia, Malaysia and Vietnam. There, the office was built out of an acquisition Yahoo made of a local portal called Maktoob.
FAIZ NASHRILLAH | TECHCRUNCH