Is this news true regarding Yahoo India employees?

Yahoo India sacks 40 in re-alignment

BANGALORE: Jerry Yang’s ‘‘strategic work-force re-alignment’’ has started in India as well. Yahoo! India on Wednesday sacked 40 of its employees in Bangalore, many in its R&D division.

"We don’t have any comments. But it should be part of Yang’s global downsizing target," said an official at Yahoo! India. In an earnings call on January 29, Yang, CEO, Yahoo!, said the company would cut 1,000 jobs globally starting mid-February.

"It’s just the beginning, more heads are likely to roll in India," said a source. Yahoo employs around 1,500 people in the country; the Research and Development division itself has around 900 people.

"It was a graveyard atmosphere in the office throughout the day. Most of us were constantly checking our e-mail to see whether we were among those asked to go," said an employee at Yahoo! India, adding, "The management simply told us that this was being done for business reasons."

Another employee said those asked to go were middle management and entry-level employees, mostly in support, maintenance and development of Yahoo! properties globally. "It was based partly on performance. Also, some groups are being closed down, and some jobs had become redundant," he said.