Yahoo is restructuring its operations in Singapore, discontinuing its editorial and social media groups in favour of a technique centered on content material curation. The choice will have an effect on 17 workers members, who will depart after Might 7, as per stories from The Edge Singapore and Straits Instances.
The layoffs comply with an analysis by Yahoo that confirmed larger engagement ranges pushed by associate content material over unique reporting, in response to Straits Instances. This shift aligns with Yahoo’s broader world technique to streamline operations and deal with high-engagement content material.
Affected staff (some with lengthy tenures at Yahoo) will obtain compensation barely greater than two weeks’ pay per yr of service, The Edge Singapore famous, citing an nameless supply.
In accordance with stories, affected workers have been briefed on Tuesday final week (April 23) in regards to the modifications, and have been supplied the chance to use for brand spanking new roles inside the firm.
Underneath its new technique, Yahoo plans to rent three curation editors and a market lead for Yahoo Information Singapore. A Yahoo spokesperson informed Straits Instances that this strategic pivot ensures that “readers can count on to proceed seeing the content material they most commonly interact with and revel in.”
Whereas Yahoo is just not unionised in Singapore, Straits Instances famous it had reached out to the Nationwide Trades Union Congress for feedback on the layoffs.
The most recent bulletins come after Yahoo reported it anticipated to scale back the workforce of its adtech division (beforehand known as Yahoo For Enterprise) by almost 50% by the tip of 2023. The cuts represented over 20% of the whole workforce of Yahoo, or greater than 1,600 staff. Yahoo has additionally beforehand retrenched journalists primarily based in Singapore in each 2016 and 2022.
Regardless of the shift away from unique content material in Singapore, Yahoo information websites globally will nonetheless function a mixture of third-party and unique content material, with the corporate affirming its dedication to investing in Asia.