The axe may be about to drop at Yahoo Inc., with a report that job cuts will begin next week as CEO Scott Thompson reshapes the company.
AllThingsD cited unnamed sources who said there will be deep cuts that could number in the thousands, mostly in the product, research and marketing units of the Sunnyvale Internet content hub (NASDAQ:YHOO).
The story comes after a series of high level meetings about the direction of Yahoo as it fights off a proxy battle with an activist shareholder, Third Point LLC and its CEO Daniel Loeb.
Much of what will emerge reportedly remains unclear, with Thompson floating the possibility of reworking Yahoo's ad and search deal that his predecessor, Carol Bartz, agreed to.
Yahoo has about 14,000 full-time employees, as well as a large number of contract workers.
Written by Cromwell Schubarth. Contact him at cschubarth@bizjournals.com or 408.299.1823.
Click here to read more of the Business Journal's complete coverage of Yahoo's reorganization that began with the firing of Carol Bartz last year.
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