Yahoo Inc.’s quarterly results will force the company to lay out a large number of employees, sources close to the company have said. The company will host a conference call to discuss its financial results on October 21, but it is not expected to discuss too many details on the matter.

The assumption this time is that Yahoo will eliminate more two or three times the number of jobs they said they would cut in January this year. The Wall Street Journal reported that some Yahoo managers have been asked to identify operating budget cuts of around 15%. The company did not make any comments prior to Tuesday’s conference.

In January this year, Yahoo announced it would cut approximately 1,000 jobs, after sales in the fourth quarter of last year went down 23 percent. The company estimated a $60 million loss compared to the year before.

Yahoo chief executive Jerry Yang announced in a press conference at the time that the 1,000 job-cut will earn Yahoo an estimated $20 to $25 million, and that part of the employees will be redirected to other jobs.

Yang said in January that he expected this year to find Yahoo on a more competitive and stronger position than ever, and that Yahoo’s future looks promising for the years to come: “We’re not tinkering around the edges,” he said. “We’re making significant and game-changing investments in Yahoo’s future.”

Despite of that, Yahoo refused Microsoft’s $45 billion acquisition proposal earlier this year on multiple occasions, which caused Microsoft to step away, and Google to step in, for an advertising deal that has raised a lot of controversy.

Yahoo’s decisions this year caused its shares to drop by 43 percent, which calls for desperate structural measures from the company. Yahoo is reportedly taking into consideration a deal with Time Warner, and at the same time, expects a lot from the Google deal, if the partnership will receive the blessing of federal regulators.