Yahoo! Chief Executive Marissa Mayer is expected to cut 1,600 jobs and several local and international business units or about 15 percent of the company's total workforce as part of its big cost-cutting plans, reported by The Wall Street Journal

Yahoo! Inc. is set to announce the cost-cutting plans through a video conference call with CFO Ken Goldman and CEO Marissa Mayer Tuesday, Feb. 2, afternoon, after the executive's report regarding the company's fourth quarter financial results.

The issue may come as bad news to all the employees who will lose their jobs with the company's decision to cut cost, but according to Mayer, this great move will bring forth new start to Yahoo! as a whole.

Experts have advised the company that the only way for it to survive is to consider selling it. But cutting costs can be a great alternative solution instead of completely letting go.

According to Newsy, the news about Yahoo!'s cost-cutting plans doesn't come as a surprise to most entrepreneurs and experts. Back in Oct. 2015, Mayer has already given a hint about the company's next move by saying that what Yahoo! needs in order to be back right on track is to narrow its focus and plans.

Since Mayer has taken over the reins in Yahoo!'s executive position in 2012, job cutting plans in the company have started. Within her first nine months in the position, Mayer has cut 1,800 jobs from the company's international offices. During her reign, the company's workforce was reduced to a total of 3,000 employees.

As part of the company's cost-cutting plans, two of Yahoo!'s overseas offices have already shut down and the company is still expected to shut more business units this year. As to the report, there is still no specific information as to which business units are scheduled to be closed.

A Yahoo! spokesperson has stated that everyone in the company is still prohibited to comment anything about the matter before the said schedule of the company's fourth quarter financial report.

Yahoo! Inc.'s revenue is predicted to fall under the $1 billion mark for the first time in 10 years. In fact, the company is having disappointing revenue recently. Yahoo! has struggled so much in order for the company to be able to compete with its other internet rivals such as Facebook and Google.

With all the job cutting issues of the company, Yahoo! recently had new job openings during the first two weeks of January as posted on Yahoo's recruitment page; there are already about 190 new jobs posts available.