The report said that despite the closures Mexico City and Buenos Aires, Yahoo will still keep its presence in the Latin American market with outposts in Sao Paulo, Brazil, and Coral Gables, Florida, still in operation.
It didn’t disclose how many Yahoo employees will be affected, but Business Insider previously reported that Yahoo is prepping for a company-wide layoff affecting at least 10% of its workforce, which is more than 1,000 people.
This isn’t the first time Yahoo has downsized its overseas operations. It shut down offices in India, China, and some parts of Europe over the past 18 months.
Yahoo is under pressure to sell its core business and make big changes across its management and overall strategy. Just last week, it was reported that Yahoo had rejected “several” offers to buy its core internet business.
Yahoo did not immediately respond to a request for comment.