Seems, some employees at Yahoo are going to face a bad time ahead. In order to overhaul Internet content providers Yahoo’s business to cope with market-share losses, the company is considering significant cuts to its staff by next week.   

To the reader’s surprise, the latest layoffs could cut thousands of employees from its payroll. 

The layoffs, which are likely to take place in frequent intervals and will mostly affect Yahoo''s product, research and marketing groups, sources informed. 

It is worth noticing that the latest layoff is going to be first major change under CEO Scott Thompson, the former PayPal president who took the top job at Yahoo in January.

Yahoo, whose revenue fell down by more than a fifth than last year’s report, had total of 14,100 employees at the end of 2011, sources informed. 

It is found that struggling Internet Company Yahoo is looking for significant ways to increase efficiency following a failed turnaround effort under Carol Bartz, (former CEO at yahoo) who was fired in September 2011. 

However, nothing can be said at this time as any spokesperson from Yahoo declined to comment on the matter. So Stay hooked to get more information on this.