In a long-anticipated move, struggling Internet giant Yahoo said Wednesday that it would be cutting 2,000 jobs, or about 14 percent, of its workforce.
The move is part of a major restructuring of the company, Yahoo said in a statement. The cuts announced Wednesday represent 14 percent of the 14,100 workers employed by Yahoo, which is based in Sunnyvale, Calif.
"Today, the company will begin the process of informing employees about these changes. As part of that effort, approximately 2,000 people will be notified of job elimination or phased transition," the statement said.