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Ms. Mayer is expected to appear on video with Chief Financial Officer Ken Goldman after Yahoo announces fourth-quarter earnings to unveil a plan aimed at slashing the Internet company’s costs, including the closure of several business units and a reduction of up to 15% of its workforce, said people familiar with the matter.Report: Yahoo's Ceo, Marissa Mayer, to Announce Cost-Cutting Plan [wsj.com]
joined:Feb 28, 2004
Yahoo said Tuesday it will make deep cuts to its business, including laying off 15 percent of its global workforce and closing five offices. The company also said for the first time it would consider selling its Internet properties.