Yahoo may see further reduction in its headcounts.
People familiar with the matter told The Wall Street Journal.
According to sources, CEO Marissa Mayer may eliminate 15% of jobs in the company and exit several of its business units.
The move is predicted to be part of an effort to reduce the company’s costs, and the plan is set to be unveiled after Yahoo’s announcement of its fourth-quarter earnings.
Making the firm smaller and more profitable could potentially help Mayer to “buy time” with investors and bolster her case with Starboard Value in a possible proxy fight, reported The Wall Street Journal.
In this case, Starboard Value had called for the current management including Mayer and other unspecified directors to be replaced and the sale of the business. It had also threatened to propose a set of directors by March 26 for proxy proposals.