Exclusive: YelloJobs Shut Indian Operations – Looking To Get Acquired?

You are reading it here first: We have got information from several reliable sources informing us that Yellojobs India which had its office in Noida is shutting all operations and laid off all the staff. We tried calling on the helpline numbers for employers and candidates given on the site but both are switched off. We have tried calling their PR representative as well but have not been able to get through. We spoke to the ex-GM of YelloJobs Vikramjit Singh Sahaye who informed us that he had quit Yellojobs in end of February and moved on to join elsewhere. He refused to comment on the status of yellojobs to us.

yellojobs

But as per our information Yellojobs referral model never really took off in a big way and they were in deep trouble since the recession hit the indian economy around october last year.  We are also told that during the same time their mother company yello media was looking to raise funds but failed to do so and hence the lack of funding has caused them to pull the plug.  Our sources also updated us that most of the employees had not been paid salaries since 3 months and a  shut down was eminent.

Yellojobs entered India through a partnership with NDTV media for NDTV jobs and a year later decided to discontinue the partnership and go on its own. Since then the job market started to tank due to recession and even bigwigs like naukri stated that a slowdown in the jobs market is eminent.

YelloJobs is a part of Yello media a bangkok based firm which owns classifieds across Thailand, Singapore, Malaysia, Philippines, Indonesia, Vietnam and India. We have been told that Yellojobs is looking for a suitor to buy out its India business and has currently stopped all operations in India. Whether they are managing the website from out of India in the meanwhile isn’t confirmed.

11 Responses to “Exclusive: YelloJobs Shut Indian Operations – Looking To Get Acquired?”

  1. Shivamani
    April 7, 2009 at 1:21 pm #

    I think Yellojobs.com was a very brave company to introduce the referral jobs model which to my mind is a fantastic concept. No wonder many others followed suit to start similar models like reffster.com, techtribe.com (which migrated from IT social networking to referral jobs), peerpower.com, brijj.com, apnacircle.com, zyoin.com, and more. What they lacked was marketing support from NDTV…which could have been a major factor in their decline.

  2. Sumit Bhat
    April 7, 2009 at 1:31 pm #

    Oh thats sad… :( I really loved their site, interface and service. They had really done well for getting us passive candidates in Bangalore. They had a great team, brilliant workable concept and poor awareness levels. I would rate them higher than shine.com and timesjobs.com any day for the value they bring to the table. Hope these sites continue anyhow.

  3. YELLODIRTYFELLOW
    April 7, 2009 at 4:24 pm #

    yellojobs sucked from day 1. Tey made teir employees search the naukri database for candidates and employees

  4. kishore
    April 7, 2009 at 4:25 pm #

    Im not so sure about the acquisition rumour. I mean who would buy out a site with no team? just the website possible would be sold on eBay.

  5. Aniket
    April 8, 2009 at 1:46 pm #

    Hey I have more insider news for you people. You are right that Yellojobs was expecting to raise investment. In fact they had almost received this investment. But just then the GM Vikram left the company. He had a better opportunity and he quit. The investors fled. Vikram and the management didn’t think a bit of the 20 odd staff who had been with them in thick and thin.

    The CEO Wolfgang Viragh didn’t come to meet the beleaguered staff at the office. He feared that the staff may react violently.

    Tell me can you trust your company after listening to the fate of Yello staff. Can you be loyal to company and believe that the management will do good for you. I can’t.

  6. Ranjish
    April 9, 2009 at 11:18 am #

    Dear Rajiv, As a matter of practise it is advisable to keep personal attacks & foul mentions out of blog comments. I’m an admirer and like snappy news on Watblog, but some personal comments are a put-off and do no good to the community at large.

    Ranjish

  7. April 9, 2009 at 6:09 pm #

    @Ranjish: Thanks for pointing out Rajnish.. the same has been deleted..

  8. Rohit
    May 5, 2009 at 1:10 pm #

    Oh thats a very sad news!!Yellojobs.com PR representative was very good.Her name was Shilpa and she has given enn number of stories to Yelojobs.

  9. Pilot
    May 17, 2009 at 10:45 pm #

    is the company still active or not ? have they been acquired by someone? very strange… friend of mine wanted to register, still confused about the rumors. can someone clearify the situation please.

  10. February 1, 2010 at 5:12 pm #

    @Rajeev, Techgoss has finally managed to bring the insider story on Yellojobs. Although employees were not able to give their take at that time, they have come out in the open now and are adding to the story.

    http://www.techgoss.com/Story/305S11-Techgoss-exclusive–The-Yellojobs-inside-story.aspx#

    Although it has been an year since the company closed down, I think this still holds significance. A large number of companies open everyday, without much plan of action, wasting in turn money and also lives of people who gave their lot to these companies.

  11. Subhashish
    October 5, 2010 at 12:32 am #

    I bumped into this article accidentally looking for Yellojobs. I was offered a job by these guys, and I turned down, Vikram interviewed me in Bangalore for the same.

    Turns out to be a good decision now. :-)

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