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Yahoo said Thursday it plans to shut down its offices in Argentina and Mexico, as the struggling tech giant looks for ways to trim expenses.
The move was part of Yahoo’s focus on “maximizing growth,” the company said in an e-mailed statement. “Latin America is an important region for Yahoo and we will continue to invest in the people and products there,” the company said, adding that its teams in Brazil and Miami “remain vital” to Yahoo.
Yahoo declined to say how many employees would be affected, but said these were “small sales-focused offices.”
On Tuesday, Yahoo CEO Marissa Mayer is expected to unveil her future plans for Yahoo, moves that will likely include layoffs, people familiar with the matter said. Mayer has been under pressure to turn around the struggling tech giant and sales results in the fourth quarter are expected to be weak.
Wendy Lee is a San Francisco Chronicle staff writer. E-mail: wlee@sfchronicle.com Twitter: @thewendylee
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