Yahoo is planning to lay off hundreds of employees in an effort to increase its profitability, prop up its deflated stock price and narrow the focus of its sprawling Internet portal to a smaller number of key areas, people close to the company said Monday. The final number of people to be laid off from Yahoo’s work force of about 14,000 is yet to be determined and is likely to be announced around the end of the month, perhaps during Yahoo’s Jan. 29 conference call with analysts after it reports fourth-quarter financial results, these people said.
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