Yahoo has just announced that it will lay off 2,000 employees — just over 14% of its total workforce — as part of an expected restructuring effort. In its statement on the matter, CEO Scott Thompson says that "today's actions are an important next step toward a bold, new Yahoo — smaller, nimbler, more profitable, and better equipped to innovate." The company says it has identified a "select group of core businesses" that the company will focus on, though it did not give specifics about which internal groups it will now favor. With today's actions, the company says it expects to save $375 million annually, but it's not out of the woods just yet — today's layoffs are just the beginning of Yahoo's internal shake up.