Yahoo Trimming Workforce by 15%, Report Reveals

Yahoo is reducing its workforce by up to 15%, a new report suggests.

According to the Wall Street Journal, Yahoo also plans to close several business units.

With roughly 11,000 employees, that could mean layoffs of up to 1,650 workers.

Since Marissa Mayer took over as CEO of Yahoo in 2012, revenue and performance metrics have remained stagnant, while the company’s stock has dropped substantially.