Yahoo to Shut down China Office, Cut Jobs

Internet giants Yahoo! Inc. has revealed plans to shut down its office in China, a move which will eliminate 200 to 300 jobs.

Yahoo, according to a statement released on Wednesday stated that it has been consolidating offices and trimming staff around the world. Yahoo also told employees based in Beijing that it will close the site in the country.

“We are constantly making changes to align resources, and to foster better collaboration and innovation across our business,” Yahoo said in the statement. “We currently do not offer local product experiences in Beijing but the office has served as a research and development center.”

Yahoo’s move is the latest in a series of retrenchments by U.S. technology companies operating in China.

Last month, gamemaker Zynga Inc. said it will close its Beijing office, terminating 71 employees.

Microsoft Corp. said in December it was shutting phone factories in Beijing and Dongguan as part of a consolidation of its Asia manufacturing in Vietnam.