Yahoo confirmed late Tuesday that it intends to lay off 600 employees, part of the Web giant's efforts to cut costs and restructure its business.
The 600 cuts amount to about 4 percent of Yahoo's 14,000-person workforce.
Since 2008, the Sunnyvale, California-based company has seen at least four rounds of layoffs, resulting in about 4,000 jobs lost, according to the San Francisco Chronicle.
"Today's personnel changes are part of our ongoing strategy to best position Yahoo for revenue growth and margin expansion and to support our strategy to deliver differentiated products to the marketplace," Yahoo said in a statement. "We'll continue to hire on a global basis to support our key priorities."
Carol Bartz, the company's chief executive since 2009, has faced increased pressure from investors to turn the business around, while Silicon Valley competitors like Facebook and Google continue to thrive.
In September, three top executives — Yahoo Americas EVP Hilary Schneider, mobile SVP David Ko and media VP Jimmy Pitaro — left the company in a mini-exodus.
In October, Bartz asked for patience from Wall Street, while outlining a flurry of recent moves intended to push the income bar higher.
"We've made substantial progress this year toward executing our strategies for enhancing profitability and resuming revenue growth, Bartz told investors. "Margins are expanding; owned and operated display advertising is up 18 percent so far this year; product rollouts are accelerating thanks to modernization of our underlying platforms; and we continue to implement our search alliance with Microsoft on schedule."
She also noted that Yahoo! has ditched "non-core" assets while acquiring Associated Content and Citizen Sports, as well as partnerships with Facebook, Twitter and Zynga.
"First you walk, then you run, then you fly," Bartz said.
