Yahoo dismisses Chinese staff, Beijing Global Research Center shutdown is only a matter of time

Yahoo Beijing Research and Development Center will be the severance of employees compensation program for N 4
Yahoo will formally close the Yahoo Beijing Global Research Center March 31 The end of this month.
It is understood that the Yahoo Beijing Global Research Center proposed compensation scheme for n+4, that is, employees will be working LIFE + 4 months of salary as severance compensation.
Yahoo Beijing Global Research Center, said: "Yahoo Beijing Global Research Center costs high, less business, shutdown is a matter of time, but also the market law." For Yahoo Beijing Research Center, the current important task is to develop a reasonable severance compensation program, the end of the month to complete the severance of employees, to prevent unnecessary controversy and speculation. ”
"In fact, the news that the center may be closed has long been rumored, a few years ago we thought that because Alibaba will not close after the shares, the result of this day still came, yesterday just received the company's internal mail, this morning's meeting has been officially announced, after the end began to talk about compensation, this month will leave all. "said an old employee at the Yahoo Beijing Global Research Center.
On the way out, the employee said: "Although the loss of work, but many colleagues are cloud computing and mobile innovation experts, there is no way out, there has been headhunting and technology companies to contact us." ”
Data show that since 2010, based on China's rising office and human capital costs, adobe and other foreign companies have dissolved the Chinese division of the team, red Dot, Zynga, Nokia, Cisco, Compuware and other firms have also adjusted the Chinese branch, Transfer to India and other human resources low-cost market to form a new team.
News background
Yahoo Beijing Global Research and Development Center was established in June 2009, a total of more than 350 employees, is the United States Yahoo Company solely responsible for the operation of the research and development institutions, has developed a world-renowned "Yahoo Global personalized Platform", research and development direction for "personalized", "advertising", "mobile" and "cloud computing
August 31, 2013, founded in September 1999, Alibaba's portal business plate China Yahoo in the home issued a notice said, based on the 2012 Alibaba Group and Yahoo America Agreement, China Yahoo will adjust its operating strategy, on September 1, 2013 0 o'clock, No longer provide information and community services.
April 18, 2013, Alibaba's China Yahoo today to notify users, China's Yahoo Mail will be stopped on August 19, 2013, after all the user's mail and related account settings will be deleted and cannot be restored. It also announced that due to the adjustment of product strategy to close its music search service, the follow-up will no longer provide services.