NEW YORK: Yahoo! is about to lay off as many as 2,000 staffers - about 15% of its work force - as part of a major restructuring, according to AllThingsD news site's Kara Swisher.
Swisher has been beating the drum on these Yahoo! layoffs for some time now, which are part of a larger restructuring under new CEO Scott Thompson.
This round - yes, there are expected to be more - is reportedly going to hit on Wednesday, taking out staffers throughout the company.
The products division is expected to be hit hardest while the fate of both advertising and search are up in the air.
Yahoo! has a search partnership with Microsoft, but that has not worked out as well as the company had hoped.
It also has been losing ground in the online advertising game, which is dominated by Google and, to a lesser extent, the ascendant Facebook.
Since taking the helm in January, Thompson has been pursuing a major reorganisation to turn around the flagging Internet giant. - Reuters