Yahoo is facing what could be thousands of layoffs as the company prepares for a major operations restructuring that will affect its products division as well as other areas where the company has not performed well.
News reports have mentioned that PR and marketing are both possible business sectors where layoffs could occur. While certain areas of the company will be significantly cut, the company may also seek new business to pursue.
The restructuring is reportedly being pushed by Yahoo CEO Scott Thompson, who joined the company in January and recently hired Boston Consulting Firm to help it with next steps and growth initiatives to get the company back on track.
It has been reported that Thompson is driving the efforts in reaction to the company's failed turnaround prior to his coming on board.
Yahoo has not yet announced the number of cuts that will be made.