NEW YORK (TheStreet) - As Yahoo! attempts to turn itself around, it's going to do so as a much smaller company. The embattled Internet giant announced plans to cut 2,000 employees early on Wednesday, as tries to reshape itself for the future. Yahoo! announced layoffs early on Wednesday. CEO Scott Thompson said in a press release that the firm is trying to become more nimble, profitable and faster. ... Click to view a price quote on YHOO. Click to research the Internet industry.