Yahoo cuts 300

Yahoo today announced plans to reduce its work force by 300 worldwide, about 10% of its staff.

About 25% of the cuts will come from the company’s horizontal services. The remainder will occur in Yahoo’s international, broadcast and managerial ranks, which are being thinned as a result of a business restructuring.

“We’re basically removing a layer of management throughout the company,” said Jeff Mallett, president and chief operating officer for Yahoo.

About 400 positions are being cut, but about 100 of the people affected will be reassigned to other areas of the company, resulting in a net reduction of 300 workers.

The announcement came as Yahoo announced a strategy that more aggressively leverages the company’s content and market position. Among its new initiatives, Yahoo will charge for some content, more aggressively sell classified advertising and analyze its user data for market research.

The company also plans on striking access deals with service providers on top of the agreement announced earlier this week with SBC, both in the U.S. and overseas.

“We think there are ideal partnerships to be formed and the SBC/Yahoo announcement epitomizes that, and we hope that that is just the beginning,” said Mallett.