Yahoo to announce job cuts: report

SAN FRANCISCO: Embattled Internet pioneer Yahoo will announce job cuts when it releases its quarterly earnings report on Tuesday, according to a report in The Wall Street Journal. Yahoo chief executive Marissa Mayer will lay out a cost-cutting plan that includes chopping 15 percent of the work force, an estimate 1,600 positions, the Journal said citing unnamed people close to the matter. The cuts would come as a key investor in Yahoo pressures the board of directors for a management change.