Is Yahoo on a hiring spree in India?

Internet major Yahoo is hiring for hundreds of job openings including nearly 150 vacancies in India, even as the company is set to bring down its global workforce by about 675 employees. "We are currently hiring for key positions and will continue to invest in strategically important areas," a Yahoo spokesperson based in the U.S. said.

Last week, while announcing its first quarter results on April 21, Yahoo had said that it would slash five percent of its global workforce of 13,500 employees. While the spokesperson did not elaborate on country-specific hiring plans, the career section of the internet major's website shows that Yahoo is looking for about 150 positions in India alone.

The openings are for its operations in Bangalore, Mumbai and New Delhi, while most of them are for Bangalore. The India openings are for various departments including engineering, customer care, research and product management, among others. Further, the internet major has over 120 job vacancies for different offices in the US, the website shows.

The firm is resorting to job cuts in the wake of slackening advertisement revenues and a 78 percent drop in first quarter profit at $118 million. However, it is not clear whether India operations comprising of about 1,500 employees would be affected by the job cuts. The spokesperson noted that the majority of impacted employees are expected to be notified within the next two weeks.

Last October, Yahoo had announced that it would reduce its headcount by as much as 10 percent. "The goal is to reduce its current annualized cost run rate of approximately $3.9 billion by more than $400 million before the end of 2008," the Internet major had said in October.

Agencies