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Yahoo Said to Propose Job Cuts as Part of Mayer's Revival Plan

  • Announcement expected by earnings report in coming weeks
  • CEO Marissa Mayer facing pressure from investors for revival

Yahoo! Inc. is planning to eliminate jobs as part of Chief Executive Officer Marissa Mayer’s effort to cut costs and revive growth at the struggling web portal, according to a person familiar with the matter.

The plan will help the company streamline operations, said the person, who asked not to be identified because the matter is private. Mayer said in October the portal will unveil a fresh set of objectives on or before fourth-quarter results, expected to be announced in the coming weeks.