Technology giant Yahoo is closing its remaining operations in China, and will lay off between 200 and 300 employees who had been employed at its Beijing-based research center, according to media reports.
Yahoo is eliminating 200-300 jobs, Bloomberg News reported. It cited a statement that said Yahoo has told staff based in Beijing that it would close the operation. Bloomberg also cited a source as saying 200-300 employees are working there. Some functions are expected to be shifted to the online company’s U.S. operation.
The Internet giant, led by CEO Marissa Mayer, has been streamlining its operations and cut staff in different parts of the world, including recent layoffs in Canada.
“We are constantly making changes to align resources, and to foster better collaboration and innovation across our business,” Bloomberg quoted from a Yahoo statement. “We currently do not offer local product experiences in Beijing, but the office has served as a research and development center.”
Yahoo has had a sometimes difficult history in China. Activists and U.S. lawmakers criticized the company after it turned over information to the Chinese government on journalist Shi Tao, who was in 2005 sentenced to 10 years in prison.
Copyright © 2015 China Music Business News