Yahoo to cut jobs in India
Company said it was making changes but maintains it is on a path of 'sustainable growth'
Tech giant Yahoo are planning to cut jobs in Bangalore, India, which is considered one of its largest engineering hubs, online media has reported.
According to the BBC, a Yahoo spokesperson said the company was "making some changes to the way we operate in Bangalore leading to consolidation of certain teams into fewer offices".
About 400 employees are said to be affected by the cuts and the spokesperson said that relocation packages will be offered to some employees.
News of the redundancies comes after reports this week that the California-based company was close to investing millions of dollars in mobile messaging service Snapchat
"We're looking at ways to achieve greater efficiency, collaboration and innovation across our business," the company said in a statement.
"Bangalore will certainly continue to remain an important centre for Yahoo," the spokesperson said.