Yahoo Singapore has been laying off some employees as part of the company's move to revamp its core Internet business, according to a report from Channel NewsAsia.
Yahoo Singapore confirmed with Channel NewsAsia that in early February, Yahoo had "shared a plan for the future, (and) with this new plan came some very difficult decisions and changes to our business.
"As a result of these changes some jobs have been eliminated and those employees were notified today (Thursday)."
The story, which was also carried in Vulcan Post said that no details were disclosed on exactly how many employees were laid off, but what we do know is that the Singapore operations will continue.
It was reported November that Yahoo Inc appointed management consulting firm McKinsey & Co to help with the reorganisation of its core business.
McKinsey was to help Yahoo decide which units to shut, sell or invest in, reported tech website Re/code. Yahoo is not the first Internet company to lay off employees amid the global downtown.
Earlier this week, e-commerce site Rakuten also shared that they are shutting down their Rakuten Marketplace in Singapore, as well as laying off 150 staff from the company.