Yahoo Inc. announced on Monday that its New York employees would be moving into the old home of the New York Times on 43rd Street.
The California-based web giant currently employs a New York workforce of 500 people scattered across three different office spaces. As it consolidates and settles into the Grey Lady's former headquarters, said CEO Marissa Mayer, it will seek to add some 200 more employees.
The move comes on the heels of the announcement that Yahoo, which has been struggling to reverse its flagging fortunes for years, is set to buy blogging platform Tumblr for $1.1 billion. The company also unveiled a reboot of photo hosting site Flickr that offers a free terabyte of space to all users.