Yahoo! India seems to be going through a major upheaval right now. Rajiv Hiranandani, Head - All India Sales, and Arun Gupta - Head, Business Development, have put in their papers. It comes close on the heels of Deepak Chandnani, Country Head, Yahoo India putting his papers.
Meanwhile, a few of Yahoo employees have been relocated to Bangalore.
As reported earlier, according to market speculations, Yahoo! India in spite of adding new revenue streams and 27 millions registered users from India has not been able to meet the expectations of the parent company which has refused to pump in additional funds in India operations. Besides, Hiranandani and Gupta were not very happy with the way things were shaping up at Yahoo, and hence decided to quit, sources claim.
However, Yahoo sources deny that there is a major exodus, taking place in the company. It is going ahead with its mobile initiative, and has also appointed seven more engineers in Bangalore. States the company sources, "Some people have quit, but the company is appointing new staff on need basis, and it is proof enough that we are serious about Indian operations".
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