More changes appear to be afoot at Yahoo. On the heels of word that Yahoo’s Screen video hub was quietly shuttered late last month, comes a report that the company is preparing to lay off more than a thousand employees — at least 10% of its workforce, according to Business Insider. The business news website, which cites unnamed sources, says the cuts could begin as early as this month and are expected to be widespread, with Yahoo’s media business, European operations and platforms-technology group particularly hard hit.
Shareholders have been increasingly frustrated with CEO Marissa Meyer’s turnaround plan that has failed to jumpstart revenues, with shares declining 37% over the past 12 months.
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