Global internet major Yahoo is understood to have issued lay-off notices to three per cent of its India workforce due to the ongoing slowdown while Japanese electronics major Sony, which has announced a massive layoff of 16,000 employees across the world, today said it has no plans to cut jobs in India given the strong business growth in the country.

Sources close to Yahoo said, “As part of the company’s strategy to perform competitively in the current economic downturn in India, less than 3 per cent of the total Indian workforce has been impacted and they were notified today.” Yahoo has an about 2,000-strong workforce in India and it is likely that a maximum of 40 people would be impacted by the decision, the sources said, and added that “a significant number of employees were affected due to poor performance and only a few of them due to the slowdown”.

Sony’s Indian business is unlikely to see any job cuts given a “healthy business growth”, said Sony India Managing Director Masaru Tamagawa.