Yahoo To Shut Down Cairo Office At End Of Year - New York News

Yahoo To Shut Down Cairo Office At End Of Year

CAIRO (AP/KTTV) - Yahoo says it will shut down its office in Cairo at the end of this year, laying off all its local employees.

The company said in a statement Wednesday it will close its offices in Cairo as part of its "global efforts to streamline operations ... by bringing more (offices) together in fewer locations."

Yahoo said its employees in the Cairo office will be offered separation packages that "exceed local law requirements." The company declined to say how many people are currently employed by Yahoo in Cairo.

Yahoo said it will serve its Middle East and Africa markets from its offices in Dubai and Amman, Jordan.

Yahoo Inc., based in Sunnyvale, California, is still struggling to revive its revenue growth even though advertisers are spending more on online ads.

  • Local NewsLocal NewsMore>>

  • 'Spider-man' slugs cop in Times Square

    'Spider-man' slugs cop in Times Square

    Sunday, July 27 2014 7:54 PM EDT2014-07-27 23:54:59 GMT
    New York City NewsNew York City News
    A man dressed as Spider-Man was arrested on charges he slugged a police officer who told him to stop harassing tourists in Times Square.
    A man dressed as Spider-Man was arrested on charges he slugged a police officer who told him to stop harassing tourists in Times Square.
  • Kayakers breach New York's JFK airport security

    Kayakers breach New York's JFK airport security

    Sunday, July 27 2014 3:46 PM EDT2014-07-27 19:46:29 GMT
    The tower at John F. Kennedy International AirportThe tower at John F. Kennedy International Airport
    Two kayakers have been cited for trespassing after breaching a Kennedy Airport security perimeter.
    Two kayakers have been cited for trespassing after breaching a security perimeter at New York's Kennedy Airport.
  • Woman gets 20-year prison term for fatal stabbing

    Woman gets 20-year prison term for fatal stabbing

    Sunday, July 27 2014 2:32 PM EDT2014-07-27 18:32:05 GMT
    A southern New Jersey woman who fatally stabbed a man last year during an argument in his home has been sentenced to 20 years in state prison.
    A southern New Jersey woman who fatally stabbed a man last year during an argument in his home has been sentenced to 20 years in state prison.
  • Tech NewsTech NewsMore>>

  • myFOX Tech

    Avast Buys 20 Used Smartphones, Reads "Deleted" Data

    Avast Buys 20 Used Smartphones, Reads "Deleted" Data

    Wednesday, July 9 2014 5:10 PM EDT2014-07-09 21:10:34 GMT
    Avast buys 20 used phones, reads "deleted" data. Here are 5 steps you can take to protect your data before selling your phone.
    Avast buys 20 used phones, reads "deleted" data. Here are 5 steps you can take to protect your data before selling your phone.
  • myFOX Tech

    Review: Is Samsung’s Gear Fit A Good Fit For Your Exercise Needs?

    Review: Is Samsung’s Gear Fit A Good Fit For Your Exercise Needs?

    Wednesday, July 2 2014 1:42 PM EDT2014-07-02 17:42:25 GMT
    Review: Is Samsung's new smartwatch/fitness tracker, the Gear Fit, a perfect fit for your workout needs? Our Tech Ninja gives it a workout!
    When Samsung released the first generation Galaxy Gear watch, I was not impressed. At all. Cool idea, but horrible execution. Now they've released the Gear Fit and, my how things have changed!
  • myFOX Tech

    Google Announces Android Wear, Android Auto, Android Fit, Android TV and More

    Google Announces Android Wear, Auto, Fit, TV and More

    Wednesday, June 25 2014 6:35 PM EDT2014-06-25 22:35:15 GMT
    Day one of Google’s I/O Developer conference began with a bang at Moscone Center in San Francisco, CA. The tech giant announced Android Wear, TV, Fit, Auto, the LG G Watch, Samsung Gear Live and more!
    Day one of Google’s I/O Developer conference began with a bang at Moscone Center in San Francisco, CA. The tech giant announced Android Wear, TV, Fit, Auto, the LG G Watch, Samsung Gear Live and more!
Powered by WorldNow
Didn't find what you were looking for?
All content © Copyright 2000 - 2014 Fox Television Stations, Inc. and Worldnow. All Rights Reserved.
Privacy Policy | Terms of Service | Ad Choices