Yahoo moving news site development team to Taiwan

* Yahoo moving news engineers, product managers to Taiwan

* Does not expect job cuts

SAN FRANCISCO, Sept 3 - Yahoo Inc <YHOO.O> is moving the product development team for one of its key Web properties to Taiwan, the latest change within the Internet company as it moves to cut costs and revamp its online offering.

The product development and operations teams for the Yahoo News division will be based out of Taiwan, said Yahoo spokeswoman Kim Rubey. The types of jobs moving overseas include product management, engineering and user interface design, Rubey said.

The editorial staff for Yahoo News will remain in Santa Monica, California, where Yahoo's content division is based.

Rubey would not say how many employees currently work in the groups that will be affected by the plan, but said the company does not expect any layoffs as a result of the move, which was first reported on the blog All Things Digital.

The move comes a little more than a month after Yahoo announced it would outsource its Internet search technology to Microsoft Corp <MSFT.O>, in a 10-year deal that Yahoo said will save roughly $425 million in operating expenses.

Yahoo has been overhauling its organizational structure and its product offerings since Carol Bartz took the reins as CEO in January. The company unveiled a major redesign of its home page last month, and has also updated key products like Yahoo Mail, while shutting down underperforming properties like GeoCities.

Yahoo News is the top online news site in the United States, attracting 48 million unique visitors in July, according to comScore. The site is considered one of the key properties that Yahoo will focus on as it strives to revive its growth.