Yahoo to lay off more than 1,000 employees

2016 is bringing big-time cuts for the tech giant. The company’s reorganization plans will affect its media business, overseas operations and technology efforts.

A new year often brings about change, but for technology giant Yahoo, change is coming in the form of a reported plan to cut 10 percent of its staff.

Business Insider reported that the company’s media business, overseas operations in Europe and its platforms-tech group could see the most damage. Though Yahoo executives declined to comment when the news broke Thursday, it’s believed that layoffs could be coming as early as the end of January.

It’s reported that certain employees had been preparing to see layoffs as early as November 2015, when Yahoo decided to hire McKinsey & Co. for assistance with its “reorganization” effort.

The gist of the plan to reorganize, Business Insider reported, is this:

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