Yahoo Inc. is preparing to slash at least 10% of its workforce, according to a report Wednesday night by Business Insider. That would eliminate more than 1,000 jobs, according to the report, and cuts may begin as soon as this month. The Sunnyvale, Calif., Internet giant has been reeling in recent years. CEO Marissa Mayer’s turnaround efforts have largely failed, and activist investors are calling for change. This week, Starboard Value LP urged the company to shake up management and overhaul its strategy. Yahoo shares fell more than 35% last year.
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