WSJ : Yahoo Plans To Cut 15% Jobs, Close Several Units

(RTTNews) - Yahoo Inc (YHOO) is expected to announce cost-cutting plans that include slashing 15 percent of its workforce and closing several business units, the Wall Street Journal reported citing people familiar with the matter.

The announcement is expected to be made during the video conference call with CEO Marissa Mayer and Chief Financial Officer Ken Goldman after the company reports its fourth quarter financial results on Tuesday.

Previously, Verizon Communications publicly expressed interest in buying Yahoo.

Separately, Yahoo! Inc. was accused in a lawsuit of manipulating employee performance evaluations to justify firing hundreds of workers in order to meet its financial targets.

Gregory Anderson, who was an editor for some of Yahoo's online news content, claims he and about 600 others at the company were unfairly fired in 2014 after managers retooled a numerical ranking system to downgrade their performance. The mass terminations occurred without appropriate notice in violation of state and federal laws.