Yahoo Shake-Ups?

While Yahoo spokeswoman Sarah Meron will neither confirm nor deny the rumors, it looks like Yahoo Inc. is planning to cut its workforce by at least 10%. This percentage translates to about 1000 people and it will be focused on their media business, European operations and platform-technology group according to Business Insider.

Recently, an activist investor sent a letter to Yahoo pointing to CEO Marissa Mayer and her leadership team and implied that they all need to go. The activist threatened to shake up the board as well if the stocks continue to suffer.

Yahoo has hired McKinsey & Co to help them to reorganize their core business. But the investor, together with other shareholders, has demanded that Yahoo separate the Asian assets (including those in Alibaba Group Holdings Ltd. And Yahoo Japan Corp.) and has asked for a public auction of the core business.