Yahoo to slash jobs, close several business units

A Yahoo spokeswoman said the company could not comment during its quiet period before releasing earnings.
Yahoo Inc Chief Executive Marissa Mayer is set to reveal cost-cutting plans that include slashing 15 per cent of its workforce, or roughly 1,600 jobs, and closing several business units, the Wall Street Journal reported on Monday.
The plans are expected to be announced after Yahoo’s fourth-quarter results on Tuesday, the Journal reported, citing people familiar with the matter. It did