Byravee Iyer
Dec 11, 2014

Yahoo shuts offices in Malaysia, Vietnam, Indonesia

ASIA-PACIFIC - Yahoo is closing offices in Malaysia, Vietnam and Indonesia as it seeks to restructure international operations and make Singapore a key hub in Asia, a spokesperson for Yahoo has confirmed.

Yahoo Vietnam: Singapore hub will support in-market sites
Yahoo Vietnam: Singapore hub will support in-market sites

Operations are already winding down, with full closures expected to be complete by the end of the year. The spokesperson said that while the move would involve layoffs, the company is also relocating key staff to Singapore.

The company is laying off 25 people in Vietnam, 50 in Indonesia and 15 in Malaysia, Techcrunch reported.

“We have informed our employees in Indonesia and Malaysia that we’ve made the difficult decision to close the office by the end of the year,” the spokesperson said. “This decision is part of Yahoo’s global efforts to streamline operations, which will help us execute quickly and deliver more efficiency, collaboration and innovation.”

The move comes at a time when social-media brands such as Facebook and Twitter are expanding their efforts in the same markets. Yahoo's product and services for all these markets will continue to be supported from the regional office in Singapore.

“We are grateful to our employees in Indonesia and Malaysia for their commitment and thank them for all their hard work and contribution to Yahoo over the years,” the spokesperson added.



Related Articles

Just Published

16 hours ago

How to trust the remote shooting process: Sweetshop'...

Sweetshop’s new regional MD Laura Geagea shares behind-the-scenes stories of a global production house working during pandemic lockdowns.

16 hours ago

Inside the 'outside-in' CMO model: Rupen Desai ...

Having served as chief marketer at Dole for nearly four years, Desai takes us through the brand's non-traditional CMO model that he claims is key to responsible growth.

16 hours ago

Cheil Worldwide promotes Jonghyun Kim to president ...

He replaces Jeongkeun Yoo who will stay on with the company as chairman.

20 hours ago

Nike and RTFKT step into the future with first ...

After releasing an NFT collection together in April, Nike and RTFKT have launched a physical “Web3 sneaker,” tricked out with lights and auto-lacing.