(Updated) Yahoo Closed Cairo Office and Fired All Employees There
Yahoo Middle East has closed it office in Cairo and fired all its employees at the office. We do not know why they did so? But we will contact yahoo to get more details.
Update: Yahoo! has sent us the following statement:
Official Media Statement – October 23:
Today, Yahoo announced that we plan to close our Cairo office at the end of this year. This decision is part of Yahoo’s global efforts to streamline operations, encourage more collaboration and innovation by bringing more Yahoos together in fewer locations, and build a strong global business that is set up for long-term growth.
Cairo has been a good home to Yahoo, and we’ve built a hardworking and professional team there, who have served our users and advertisers well. We are grateful for their work and thank everyone for their contributions. All of our Cairo employees will be treated with respect and fairness through this transition and we are offering separation packages to all employees which exceed local law requirements.
The Middle East and Africa (MEA) region remains an important market for Yahoo, and we will continue to serve our users and advertisers across the MEA region with the same great products and experiences they have come to expect from Yahoo Maktoob from our main operations in Amman and Dubai.”