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Yahoo plans to cut staff as investor seeks changes

Activist shareholder Starboard says current leadership is destroying value

Starboard, Yahoo's 26th biggest shareholder, said in a letter to the board that it believes investors have "lost confidence" in the ability of the current management, which includes CEO Marissa Mayer.

New York

YAHOO Inc is working on a plan to cut its workforce by at least 10 per cent and it could start the process as early as this month, Business Insider reported, citing sources.

"We are not confirming this rumour or commenting further," Sarah Meron, a spokeswoman for Yahoo,...

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