Yahoo will reportedly announced a major management reorganization plan as early this week, according a WSJ report. The Wall Street Journal, citing several sources inside and outside the Internet company, said the revamp would likely come on Wednesday.

According to the report, Yahoo's plan aims to speed-up decision-making and give Yahoo products a more consistent appearance by consolidating certain functions that have previously been spread out across the company -- like product development and marketing -- into single, standalone departments.

Yahoo has been under pressure for a year as it held fruitless merger or partnership talks with Microsoft, Google and AOL.