As many as 30 employees were said to have been let go, only to be later told that they were simply on a shortlist.
The layoffs, which would result in more than 1,000 people leaving the tech giant, is set to affect Yahoo's media business, European operations, and platforms-technology group.
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Plus: learn which sharing economy startup is reportedly valued at more than $25 billion.
The embattled CEO announced her daughters' arrival on Tumblr.
The board cited 'tax risk' as its reason for the change of course.
There are rumors that the board is considering selling its core Internet business.
Activist investor Starboard wants the company to rethink its plans to sell its stake in Chinese ecommerce giant Alibaba.
A new study revealed the most diverse players in the tech sector as major companies make public efforts to hire more women and minorities.
Top staffers dressed as characters from the classic film, including Mayer as Dorothy, complete with blue-ribboned braids and a cheeky grin.
MySpace could have snagged Facebook. Facebook could have scored Snapchat. Alas, there are many offers that can be refused. Not every match is made in heaven.
The CEO's turnaround plan for Yahoo is looking less promising by the day.
With the new Account Key feature, users of the Yahoo Mail app are no longer required to type in their passwords.
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She made the announcement in a blog post, adding that she will be 'taking limited time away and working throughout.'
The company boosted revenue slightly, but lost money due to traffic costs. And it failed to provide any outlook for its massive Alibaba spinoff.