Yahoo to Shutter Cairo Office to “Streamline Operations” Globally
Yahoo told employees today that it planned to close its office in Cairo, Egypt, at the end of this year. There are about 40 staffers working there; with the move, there will now be no company presence in Egypt.
Yahoo said it will continue to operate in Amman, Jordan, and Dubai, United Arab Emirates, in the Middle East and Africa region, serving users of its Arabic Maktoob site.
A spokesperson for the Silicon Valley Internet service said: “This decision is part of Yahoo’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.”
In a related and larger move, Yahoo closed its operations in South Korea at the end of last year, after it had trouble gaining traction in the market.