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Yahoo closes South Korean offices, cuts 200 jobs

Published Oct 24th, 2012 6:36PM EDT
Yahoo CEO Mayer Raises Standards

Yahoo (YHOO) announced last week plans to shutter its business in South Korea as a result of plans to restructure the company. The search engine on Tuesday officially began notifying employees of the closure and will be eliminating 200 jobs as a result, according to Reuters. Yahoo CEO Marissa Mayer previously said that the decision was part of the company’s efforts to streamline operations and focus its resources on building a stronger global business that’s capable of long-term growth and success.

Prior to joining BGR as News Editor, Brad Reed spent five years covering the wireless industry for Network World. His first smartphone was a BlackBerry but he has since become a loyal Android user.