![Yahoo Set to Make Major Staff Cuts [REPORT]](https://helios-i.mashable.com/imagery/archives/040PO5V6GaFp47Rq3I9OmhX/hero-image.fill.size_1248x702.v1647019351.jpg)
Yahoo may lay off as many as 650 of its employees in its products unit starting today.
With more than 14,000 staffers, the termination of that many employees would account for a 5% reduction in staff for the company, which has been trying to find ways to trim costs and battling near-constant rumors of its demise.
The New York Times reported the layoff rumor Monday night, citing unnamed sources, but Yahoo has not officially confirmed or denied the layoffs.
Cuts of that magnitude would certainly signal the pressure Yahoo is under to cut costs and spur growth.
Yahoo CEO Carol Bartz recently implied that the company has failed to keep up with the changing Internet environment. "She says that part of the company’s strategy right now is to provide ways for Yahoo users to interact in social fashions," Mashable's Jennifer Van Grove reported from the Web 2.0 Summit last month.