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Yahoo is working on a plan to cut its workforce by at least 10 percent and it could start the process as early as this month, Business Insider reported, citing sources.

“We are not confirming this rumor or commenting further”, Sarah Meron, a spokeswoman for Yahoo told Reuters on Thursday in an e-mail.

The layoffs, which would result in more than 1,000 people leaving the tech giant, is set to affect Yahoo’s media business, European operations, and platforms-technology group, Business Insider said on Wednesday.(

This move follows activist investor Starboard Value LP’s letter to Yahoo on Wednesday ramping up pressure on Yahoo, taking aim at Chief Executive Officer Marissa Mayer and her leadership team and raising the prospect that a proxy battle is approaching.

Starboard implied that Mayer and her officers needed to go, without naming her specifically.

The activist investor also threatened to shake up the board if Yahoo’s stock continued to suffer.

Yahoo spokeswoman Rebecca Neufeld said the company will provide more details on its turnaround plan prior to its fourth quarter earnings call later this month.

Starboard, which owns about 0.75 percent of Yahoo, has been pushing for changes at the Internet company since 2014, urging it to separate its Asian assets and auction off the core business.

The investor, together with other shareholders, has demanded Yahoo separate the Asian assets, including stakes in Chinese e-commerce company Alibaba Group Holding Ltd (BABA.N) and Yahoo Japan Corp (4689.T), and conduct an immediate public auction of the core business, including search and advertising businesses.

But Yahoo is resisting, instead pursuing a tax-free spinoff of the core business, which could take at least a year.

Yahoo had appointed management consulting firm McKinsey & Co, in November, to help with the reorganization of its core businesses.

The company also had plans to make big changes to its media unit, restructuring and consolidating it, including making cuts and shuttering some efforts.

In December, Yahoo shelved plans to spin off the Alibaba stake and said it would create a separate company that would house Yahoo’s Internet business and its stake in Yahoo Japan.

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The doorknob rattled. Two of the men occupying a federal biologist’s office in a stand-off over land rights hopped from their chairs and swung rifles toward the locked door.

There was no knock – the established procedure for gaining entry to the nerve center of the siege mounted by brothers Ammon and Ryan Bundy at this eastern Oregon nature center.

The Bundys’ bodyguard stood in silent alert but heard no voices from the snowy darkness outside.

“Should we approach the door or not?” Ryan asked, creeping toward a window.

Ammon, armed with only a cell phone, remained seated and shook off the tension, saying dryly, “Oh, it’s fun to live this way.”

Since Saturday, the brothers and a small band of supporters have occupied the Malheur National Wildlife Refuge, which they seized to protest the U.S. government’s control of vast tracts of Western land.

On Tuesday, for the first time, they allowed two reporters to join them inside their refuge for a night marked by long discussions and moments of hair-trigger tension.

Earlier, the Bundys had heard from people they trusted that federal law enforcement agents were assembling in Burns, the nearest town, a half hour’s drive away. Federal officials have said they have no plans to approach the refuge.

As the two Reuters reporters arrived just after nightfall, the occupiers were moving into a state of high alert. The group’s head of security, a man known as Booda Bear, had been out of touch since driving off-site hours earlier. Amid efforts to locate him, the Bundys talked at length about what had brought them into this wilderness – and what it would take for them to leave.

They began the occupation after a demonstration in support of two ranchers convicted of setting fires on their land that spread to this reserve. Dwight Hammond and his son Steven were sent back to prison this week after a judge ruled that the sentences they previously served for arson were not long enough under federal law.

For the Bundy brothers, the occupation is personal. Their father, Nevada rancher Cliven Bundy, who was not at the reserve but was offering his sons advice by phone, became a symbol of the anti-government ethos after a stand-off over grazing rights with federal authorities in 2014.

When the brothers heard about the Hammonds’ legal troubles, they felt a need to show support and confront a federal government they believe tramples on local control. But how the occupation will end still isn’t clear.

“When we can say, ‘OK, now we can go home,’ would be when the people of Harney County are secure enough and confident enough that they can continue to manage their own land and their own rights and resources without our aid,” Ryan Bundy said. “And we intend to turn this facility into a facility that will aid that process.”

To underscore his point, he grabbed a piece of paper from the office printer. It featured a new name and logo the group had decided on for the Malheur refuge, which plays host annually to a wide range of migrating waterfowl. In the Bundy-designed logo, the words “Harney County Resource Center” float over an image of the reserve’s horizon in the glow of dusk.


The brothers have taken over the cozy and cluttered office of Linda Sue Beck, a biologist and civil servant they have come to view as a symbol the federal government. They said they would allow Beck to come to gather her personal belongings. But they don’t want her to return to work.

“She’s not here working for the people,” declared Ryan Bundy, the more outspoken of the brothers. “She’s not benefiting America. She’s part of what’s destroying America.”

He referred to her as the “Carp Lady,” a nod to the fish-themed block prints and “Carpe Carp” sign on her office walls