The axe falls on Yahoo India workforce

BANGALORE, INDIA: Finally the axe fell on the Yahoo India workforce also. As part of the decision to cut its workforce globally the Internet major issued pink slips to 1500 people globally and nearly 40-50 are from India, according to reports.

Though Yahoo declined to make any official confirmation about the number of people sacked from India, it confirmed that it has completed the process of lay off on Wednesday itself.

“The decision to lay off some employees was part of the announcement made while announcing the Q2 results and we have got it notified yesterday,” said a Yahoo India spokesperson.

Yahoo has more than 1500 employees in India, mainly in its R&D center in Bangalore. Though it has been reported that most of the employees were given pink slip on the ground of being non-performers, the Yahoo spokesperson declined to make any comment on that front too.

According to a notification, "Yahoo! is grateful for the important contributions made by the employees affected by this reduction and that is why, consistent with our past practices, we are making every effort to support impacted employees with severance packages and outbound placement services."

Previously it was reported that the layoff would not affect the Indian workforce.

The burning smell of the 'axe effect' in the Indian IT horizon?  What do you think?