Yahoo to cut 15 per cent of workforce in ongoing shake-up

Yahoo is set to shed nearly 15 per cent of its workforce according to reports citing sources familiar with the details, with around 2,000 job losses expected at the ailing internet giant.

According to tech blog AllThingsD, which first unveiled the scale of the job losses, an announcement from the firm is expected at some point in the next two days, possibly on Wednesday.

The latest round of job cuts were first mooted earlier this month, with the suggestion that regional operations and marketing would bear the brunt of the losses.

The reports come amid continuing turmoil at the firm, which has seemed locked in a downward spiral since spurning a buyout offer from Microsoft several years ago.

Chief executive, Scott Thompson, was parachuted in at the start of the year, after the previous incumbent, Carol Bartz had failed to stem the firm's decline.

Yahoo has in recent years seen its revenues decline as rivals such as Facebook and Google have outflanked it.

Recently, Yahoo has engaged in a patent dispute with Facebook, seemingly intent on wringing any cash it can out of the social networking titan ahead of its initial public offering.

Facebook has denied Yahoo's claims, and subsequently launched a counter suit.

Yahoo had not responded to a request for comment at the time of writing.