San Francisco: Yahoo is preparing to lay off between 600 and 700 workers in the latest shake-up triggered by the internet company's lackluster growth.
Employees could be notified of the job cuts as early as Tuesday, according to a person familiar with Yahoo's plans. The person asked for anonymity because Yahoo hadn't made a formal announcement.
The planned cutbacks represent about 5 per cent of Yahoo's work force of 14,100 employees. It will mark Yahoo Inc.'s fourth mass layoff in the past three years.
The last two house-cleanings have come under the company's current CEO, Carol Bartz. She was hired nearly two years ago to engineer a turnaround that still hasn't happened.
This round of reductions is expected to be concentrated in Yahoo's US products division.
