Posted: Wed, April 4 2012 at 8:17 AM, Updated: Wed, April 4 2012 at 8:20 AM
Yahoo is set to cut 2,000 jobs.
The cuts announced Wednesday represent 14% of the 14,100 workers employed by Yahoo, which is based in Sunnyvale, California.
Yahoo officials say the move is part of a major restructuring of the company.
Yahoo said it would provide more details when it released first-quarter results on April 17.