Audio By Carbonatix
Yahoo is to cut 2,000 staff, 14% of the workforce, the company has confirmed.
The California-based company said the cuts were part of efforts to make it "smaller, nimbler, more profitable".
"We are intensifying our efforts on our core businesses and redeploying resources to our most urgent priorities," chief executive Scott Thompson said.
He said it would move "aggressively" towards its goal of putting users and advertisers first.
Yahoo expects its cost-cutting programme to save $375m (£236m).
It also said it would reveal more details of its new stategy when it releases its next set of results on 17 April.
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