Yahoo to close Cairo office by year end

The Internet company said it will continue to service users and advertisers from Amman and Dubai

Yahoo has decided to shut down its office in Cairo, Egypt by the end of this year as the company tries to revitalize its business.

The Internet company said the Middle East and Africa region remains an important market for it, and it will continue to serve users and advertisers, including in Egypt, from its operations in Amman and Dubai.

The company did not disclose the number of employees who would lose their jobs in Cairo. "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," Yahoo's spokeswoman Sara Gorman said via email.

The decision by Yahoo to shutter its Cairo office is said to be part of the company's global effort "to streamline operations, encourage collaboration by bringing more Yahoos together in fewer locations, and build a strong global business that is set up for long-term growth."

Yahoo, which is going through a major refocusing, including a string of acquisitions and a recent change of logo, said in October last year it planned to shut down its struggling business in South Korea by the end of the year to focus its resources. The Internet company had been struggling in South Korea against large local players such as NHN's Naver and Daum Communications.

Yahoo runs the Yahoo Maktoob portal in the region, an offshoot of the 2009 acquisition of Arabic Internet services company Maktoob.com.

Join the PC World newsletter!

Error: Please check your email address.

Tags business issuespersonnelYahooInternet-based applications and serviceslayoffsinternetInternet service providers

Keep up with the latest tech news, reviews and previews by subscribing to the Good Gear Guide newsletter.

John Ribeiro

IDG News Service

Most Popular Reviews

Follow Us

Best Deals on GoodGearGuide

Shopping.com

Latest News Articles

Resources

GGG Evaluation Team

Kathy Cassidy

STYLISTIC Q702

First impression on unpacking the Q702 test unit was the solid feel and clean, minimalist styling.

Anthony Grifoni

STYLISTIC Q572

For work use, Microsoft Word and Excel programs pre-installed on the device are adequate for preparing short documents.

Steph Mundell

LIFEBOOK UH574

The Fujitsu LifeBook UH574 allowed for great mobility without being obnoxiously heavy or clunky. Its twelve hours of battery life did not disappoint.

Andrew Mitsi

STYLISTIC Q702

The screen was particularly good. It is bright and visible from most angles, however heat is an issue, particularly around the Windows button on the front, and on the back where the battery housing is located.

Simon Harriott

STYLISTIC Q702

My first impression after unboxing the Q702 is that it is a nice looking unit. Styling is somewhat minimalist but very effective. The tablet part, once detached, has a nice weight, and no buttons or switches are located in awkward or intrusive positions.

Latest Jobs

Shopping.com

Don’t have an account? Sign up here

Don't have an account? Sign up now

Forgot password?