Add to favorites Likely to cut jobs from foreign offices.
Yahoo CEO Marissa Mayer is expected to outline cost-cutting measures when the company shares its third-quarter results tomorrow.
The company is also expected to give details of the evaluation of its possible acquisitions to its investors, a source familiar with the development told the Wall Street Journal.
Yahoo could use about $5.8bn proceeds it earned from the Alibaba IPO to acquire large technology startups which could provide a new revenue stream for the search giant.
The company’s sales have declined in four out of five quarters and under Mayer, which is going down well with the investors.
As a part of its cost cutting strategy, the company is likely to cut around 500 of its staff from India and Jordan offices.
Apart from job cuts Yahoo is also expected to close some of its offices and move few employees to its California headquarter.
The source added that Yahoo could also acquire content or advertising technology which is one of the prime sources of revenue for the company.
According the news agency, activist investor Starboard Value has increased pressure on Yahoo to cut "bloated" cost structure and monetise its Asian assets.
The company has already revealed that it is scaling down its Bangalore operation.
