Yahoo plan to cut 400 jobs in India
8 October 2014
Yahoo has announced job cuts of up 400 odd employees from its Bangalore-based R&D centre, one of the company’s second-largest engineering centres outside the US.
Several news agencies reported that Yahoo plans to consolidate its offices “to achieve greater efficiency, collaboration and innovation” across its business. To do this, it is laying off employees in the Bangalore office to consolidate teams into fewer offices. Yahoo has said it will continue operations in Bangalore, despite the mass layoff.
The news comes weeks after Yahoo announced the acquisition of Bangalore-based tech firm Bookpad – makers of an online file-editing service called Docspad. The company was to join the Yahoo team in Bangalore, to work on strengthening the Yahoo Mail experience.
As of now, Asia remains a far smaller part of Yahoo’s business than the U.S. Of the $1.04 billion Yahoo posted in revenues in Q2, $177 million came from Asia, while $775 million came from North America.
Borer's FUSION Time Recording System
With a high number of employees on payroll, using Borer's FUSION Time Recording System will help reduce management involvement and the administrative effort required to manage a time management scheme.
It is labour demanding to manage and maintain a centrally administered or paper based flexitime system. Invariably, queries arise in relation to flexi balances and the process can become a very complicated one, particularly for the HR department.
Implementing an automated time and attendance system makes things very easy for both employees and their managers alike.