SAN FRANCISCO, USA: Yahoo Inc is moving the product development team for one of its key Web properties to Taiwan, the latest change within the Internet company as it moves to cut costs and revamp its online offering.

The product development and operations teams for the Yahoo News division will be based out of Taiwan, said Yahoo spokeswoman Kim Ruby. The types of jobs moving overseas include product management, engineering and user interface design, Ruby said.

The editorial staff for Yahoo News will remain in Santa Monica, California, where Yahoo's content division is based.

Ruby would not say how many employees currently work in the groups that will be affected by the plan, but said the company does not expect any layoffs as a result of the move, which was first reported on the glob All Things Digital.

The move comes a little more than a month after Yahoo announced it would outsource its Internet search technology to Microsoft Corp, in a 10-year deal that Yahoo said will save roughly $425 million in operating expenses.

Yahoo has been overhauling its organizational structure and its product offerings since Carol Bart took the reins as CEO in January. The company unveiled a major redesign of its home page last month, and has also updated key products like Yahoo Mail, while shutting down under performing properties like Geo Cities.

Yahoo News is the top online news site in the United States, attracting 48 million unique visitors in July, according to com Score. The site is considered one of the key properties that Yahoo will focus on as it strives to revive its growth.