Search engine firm Yahoo is poised to lay off hundreds of workers, according to reports.
The New York Timesand Wall Street Journalhave both reported on the slumping Internet icon's cost-cutting plans. How many of Yahoo's roughly 14,000 employees will lose their jobs hasn't been determined, the newspapers said.
A final decision could be announced January 29th when Yahoo executives are scheduled to review the company's fourth-quarter results.
Yahoo has been hit by slow revenue growth and the popularity of social networking websites. If several hundred employees are dumped, it will mark Yahoo's most extensive layoffs since 2001 when the company was trying to battle back from the dot-com bust.
The potential cuts were first reported over the weekend by Silicon Alley Insider, a blog focused on investments in technology and media.