Yahoo reportedly preparing big restructuring, layoffs Fred Prouser / REUTERS Yahoo's logo is shown in Burbank, Calif. Yahoo's new CEO Scott Thompson is preparing a massive restructuring of the Internet search firm, including layoffs that are likely to number in the thousands, according to the news website AllThingsD.com. Citing "multiple sources both inside and outside the Silicon Valley Internet giant," the report said the restructuring, which could be announced as soon as the end of this month, is "being aimed at Yahoo's large products organization, as well as other arenas in which the company has lagged in." These units include public relations and marketing, research, marginal businesses and weaker regional efforts, the website said. Yahoo is speaking with a number of outside firms and recently hired Boston Consulting Group to help the struggling Internet search firm focus on "growth" initiatives and to help determine the best path for Yahoo going forward, according to the report. Thompson has led a quick push for change at Yahoo since his appointment at the start of the year. Most controversially, he has threatened patent litigation against Facebook. Yahoo recently warned the social network that it will face legal action if it refuses to sign licensing deals for patents Yahoo believes Facebook is using for its advertising systems. Thompson also played a role in how Yahoo should sell its Asian assets back to partners there, and he appears to be looking widely across Yahoo in order to jumpstart what has largely been a failed turnaround for the company under previous leadership, AllThingsD.com said. One a model Internet company, Yahoo has struggled in recent years. Former CEO Carol Bartz was fired late last year and replaced by ex-PayPal chief Scott Thompson. Co-founder and former CEO Jerry Yang left the company in January. Can Yahoo turn itself around? Discuss this story on our Facebook page.