Yahoo is cutting 15 percent of its workforce across the company but isn’t specifying whether those reductions will affect its Town of Lockport complex.
“As part of our strategic plan, we have made the difficult but necessary decision to reduce our workforce in order to more efficiently align resources and position the company for a stronger future,” Suzanne K. Philion, director of corporate communications for Yahoo, said in a statement. “We will provide more clarity to our employees who are impacted by these decisions in the coming weeks.”
Philion declined to say whether any of the cuts would come from the Lockport site.
Yahoo has been a growth story for Niagara County. Since 2010, the California-based tech company’s Lockport complex has grown to consist of two data centers and a customer call center, as well as offices. As of last November, those operations consisted of about 200 employees.
Yahoo estimates that it has invested more than $500 million since 2009 in the complex. The company has received incentives worth hundreds of millions of dollars in the form of sales tax breaks, property tax breaks and low-cost power, and it has room to expand.
Last fall, Yahoo held a job recruitment event in downtown Buffalo, attracting more than 200 people. At the time, Yahoo did not say exactly how many new employees it planned to hire but estimated that it would be at least 20.
In 2014, Yahoo bought 18 acres adjacent to its Lockport complex. Under the sale contract, the company has until 2021 to build something on that property.
Yahoo on Tuesday revealed companywide plans to reduce its workforce, close five international offices and explore “strategic alternatives.” The job cuts are expected to be completed by the end of March.