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Yahoo closes Beijing research center
雅虎关闭北京研究中心
Yahoo is shutting down the last of its operations in China, as it seeks to consolidate its offices. The cost-cutting move will see up to 300 jobs in the country eliminated.
The web giant announced the closure of its final research center in Beijing during a meeting with employees on Wednesday. The company explained that it will be merging functions into fewer offices, including its headquarters in Sunnyvale, California.
The layoffs in China represent about 2 percent of Yahoo's total workforce, which numbered around 12-thousand at the end of last year.
The Beijing research center was founded in 2009, focusing on developing new ways to personalize Yahoo content and improve its advertisement targeting. Compensation negotiations have begun and the first batch of workers are scheduled to leave by the end of March.
