Breaking news: Yahoo to move UK operations to Switzerland

Yahoo is planning to move its European headquarters from London to Geneva, Switzerland, today’s FT reveals.

Claimed to be called “Project Yodel”, the FT’s source mentions corporate tax reasons.

The FT reports that Yahoo said the move was “part of its ongoing international strategy to increase competitiveness and to deliver financial results, performance and efficiency”.

It’s not yet known how many of Yahoo 700 people in the UK will relocate.

Read the full FT story.

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