Yahoo! to "lay off thousands"

Yahoo! is preparing to lay off thousands of workers in a sweeping restructuring being launched barely three months after chief executive Scott Thompson took control.

The Dow Jones website All Things Digital said the shake up of the struggling Internet giant could come as early as the end of March and could target Yahoo!'s public relations and marketing division, research, and region-focused and other marginal businesses.

The layoffs "are likely to number in the thousands", the website said, citing "multiple sources" inside and outside the company.

The California company had more than 14,000 employees at the end of 2011.

Yahoo! declined to comment directly on the story.

But in an emailed statement, the company said: "As we have indicated, our leadership is engaged in a process that will generate significant strategic change at Yahoo, but final decisions have not yet been made at this point."

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