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Slideshow Follow Reuters Facebook Twitter RSS YouTube Read MasterCard, Visa warn of possible security breach 3:24pm EDT Clinton meets Saudi king amid Syria, Iran tensions | 1:11pm EDT Apple, Foxconn set new standard for Chinese workers 6:07am EDT Exclusive: Iran helps Syria ship oil to China: sources 8:17am EDT World record $540 million lottery drawing set for Friday night 11:16am EDT Discussed 254 Poll: Americans angry with Obama over gas prices 225 Cheney recovering after heart transplant: spokeswoman 218 Black friend defends shooter of Florida teen Watched Urine eggs a delicacy in China Thu, Mar 29 2012 Congressman dons a hoodie, gets kicked off House floor Wed, Mar 28 2012 Mitt Romney gets backing from George H.W. Bush 12:10am EDT Yahoo layoffs to begin next week: report Tweet Share this Email Print Related News Google to open online tablet store: report Thu, Mar 29 2012 EBay taps tech entrepreneur to lead PayPal Thu, Mar 29 2012 UPDATE 3-Third Point CEO to continue fight over Yahoo board Wed, Mar 28 2012 Facebook halts secondary market trading, plans for May IPO Wed, Mar 28 2012 Proxy battle pits new Yahoo CEO against hedge fund Wed, Mar 21 2012 Analysis & Opinion Companies must examine users, not just suppliers The anti-Walmart Related Topics Tech » The Yahoo! offices are pictured in Santa Monica, California April 18, 2011. Yahoo! will report its quarterly results on Tuesday. Credit: Reuters/Mario Anzuoni SAN FRANCISCO | Fri Mar 30, 2012 2:57pm EDT SAN FRANCISCO (Reuters) - Yahoo Inc will begin layoffs of thousands of employees next week and will announce a plan to restructure the company the week after that, according to a media report. Yahoo declined to comment. The layoffs, which will not take place all at once, will mostly affect Yahoo's product, research and marketing groups, according to the report in the blog AllThingsD, which cited anonymous sources. Under a plan still being finalized, Yahoo would reorganize its business to create a global media division, while product development would move to decentralized units. The company is figuring out the future of its advertising technology business, as well as its search business, according to the report. The layoffs and reorganization would mark the most significant moves by new Chief Executive Scott Thompson, the former PayPal president who took the top job at Yahoo in January. Yahoo, which ended 2011 with roughly 14,000 employees, has seen its revenue decline amid competition from Web rivals Google Inc and Facebook. (Reporting By Alexei Oreskovic; Editing by Gerald E. 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