Yes, Yahoo is going to close its Cairo Office by the end of this year. Yahoo has sure to close its workplace in Cairo, Egypt by the ending of this year as the organization attempts to refresh its business.
One of the best Internet Company said the Africa region and Middle East remains an vital market for it, & it will keep on to serve users & advertisers, including in Egypt, from its actions in Dubai and Amman.
The organization did not disclose the figure of workers who would lose their employment in Cairo. Yahoo said every of our Cairo staff will be treated with admiration & fairness through this changeover, and we are offer separation correspondence to each and every employees which go beyond local law necessities, Yahoo’s presenter Sara Gorman told via email.
The conclusion by Yahoo to close its Cairo office is supposed to be division of the company’s global attempt “to streamline actions, encourage cooperation by bringing more Yahoos jointly in fewer locations, & build a sturdy worldwide business that is set up for long-standing growth.”
Yahoo, which is departing through a main refocusing, as well as a string of achievements and a recent modify of logo, said in October,2012 last year that it planned to shut its stressed business in South Korea by the ending of the year to spotlight its resources. The Internet firm had been hard to surviving in South Korea in opposition to huge local company such as NHN’s Naver & Daum Communications.