Yahoo!'s Santa Monica location.
Yahoo announced Wednesday that 2,000 employees will have to pack up and go, in the California Internet corporation's sixth mass layoff in the past four years. Cuts will go further than the 14 percent let go from Yahoo's 14,000 work force, The Wall Street Journal reports, spanning several departments. It includes Yahoo's marketing division and product group, which tends to the corporation's websites and mobile apps.
According to the L.A. Times, CEO Scott Thompson has been planning these layoffs in an attempt to restructure the company since last month. Thompson believes his overhaul will improve Yahoo's weaknesses in the increasingly important mobile market. "We are intensifying our efforts on our core businesses and redeploying resources to our most urgent priorities," he said in a statement. "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."