Yahoo lay off News

Embattled Internet pioneer Yahoo will announce job cuts when it releases its quarterly earnings report today.

Internet giant Yahoo pulling the plug on its China office, as per media reports.

Yahoo Inc is expected on Tuesday to outline cost-cutting efforts and give details of how it is evaluating possible acquisitions as it faces pressure from an activist investor, the Wall Street Journal reported, citing a person who was briefed on the plan.

The move comes more than a week after activist investor Starboard Value LP publicly pressured Yahoo to cut what it referred to as a "bloated" cost structure.