Yahoo CEO is working on major restructuring of the company that could slash thousands of jobs. The restructured Yahoo would take shape in January. This is the internet giant's first major change under its ex-PayPal CEO Scott Thompson. The restructuring will focus on products group, research, marketing and public relations, and businesses that are not core to the company. "As we have indicated, our leadership is engaged in a process that will generate significant strategic change at Yahoo, but final decisions have not yet been made at this point. Beyond that, we will not comment," Yahoo said in a statement given to Reuters.