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Yahoo cuts jobs in Singapore

Melissa Chua | Dec. 12, 2008
Move forms part of company's plan to cut operating costs

SINGAPORE, 12 DECEMBER 2008 Internet services provider Yahoo has confirmed that it has slashed jobs in its Singapore office.

According to a company spokesperson, the majority of affected employees were notified on Wednesday afternoon.

The job cuts in the Singapore office form part of the company's earlier announced plans to reduce its global workforce by 10 per cent.

Yahoo had announced in October that it aimed to save more than US$400 million (S$593.9 million) per year in operating costs. The global headcount cut forms part of the company's cost-savings measures.

Yahoo declined to reveal the number of employees that had been retrenched in Singapore, nor their job functions, citing company policy.

 

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