Yahoo to close office in China, cut 300 jobs

Yahoo! Inc. is shutting down its office in China, a move that will eliminate 200 to 300 jobs, a person with knowledge of the matter told Bloomberg News.

At the end of 2014, Yahoo employed about 12,500 workers worldwide.

Yahoo is looking for new ways to trim expenses as it comes under pressure from investors, such as Starboard Value LP, who have called for cost-saving measures.

Read more from Bloomberg News.