Yahoo! chief executive Scott Thompson, who took the top job in January promising urgent action to turn the company around after a year of falling income and profits, said the job cuts were a "tough decision" to achieve that goal.
"We are intensifying our efforts on our core businesses and redeploying resources to our most urgent priorities. Our goal is to get back to our core purpose - putting our users and advertisers first - and we are moving aggressively to achieve that goal," Thompson said in a statement.
The restructuring will focus on a "select" group of core businesses and the platforms that support them, the Sunnyvale, California-based company said.
A key focus will be the data that drives "deep" personalisation for users and return on investment for advertisers.
"Today's actions are an important next step toward a bold, new Yahoo! - smaller, nimbler, more profitable and better equipped to innovate as fast as our customers and our industry require," Thompson said.
The company said it would notify approximately 2,000 people that their jobs have been eliminated or would be in the future. It gave no details on the timing of the layoffs.
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