Yahoo CEO released the company cost-cutting plan recently, including dis-mission of 15% workforce. It will dismiss 1,600 employees and close down several subsidiaries.

The Wall Street Journal reported that such plan is estimated to carry out after it announces the Q4 earnings report. It is unclear which subsidiaries will be closed down so far. Yahoo spokesman claimed that the company won’t make any comment on this news before the earnings report is announced.

The activist investors wrote to Yahoo last month to urge Yahoo CEO Mayer and its leading group to enhance the expectation of agent outlooks. The letter implied Mayer and her group should resign.

It is not confirmed whether the dimission news that Mayer released could meet the investors’ requirements. Yahoo might attract more purchasers after it carries out the cost-cutting plan.

Verizon CEO Fran Shammo claimed in last December if Yahoo wished to sell its business, American Telco Inc was willing to acquire it.

By June 30, 2015, Yahoo had 11,000 employees. On December 31, 2014, it counted it had 12,500 employees, including full-time employees and casual employees.

Last week, Yahoo released press that it would close down the subsidiaries in Argentina and Mexico but no more details concerned how many jobs would be cut.

Since Mayer’s assumption of CEO duty, Yahoo’s interest keeps declining. The market share of Yahoo search engine in US market is standstill. Its share declined by 1.2% on Monday, down to $29.14 per share.