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Yahoo exits China, closing R&D center
Yahoo is closing its only remaining office in China and laying off between 200 and 300 employees there, news reports said on Wednesday.The moves are part of CEO Marissa Mayer’s efforts to rein in costs at the aging Internet company. Yahoo’s office in Beijing, the company’s only physical presence in mainland China, has housed an R&D center employing engineers.“We will be consolidating certain functions into fewer offices, including to our headquarters in Sunnyvale, California,” a Yahoo representative told the Wall Street Journal.To read this article in full or to leave a comment, please click here