What Jerry Yang&#39;s really slashing: Yahoo salariesSIs Yahoo
cutting 3,000 jobs? 3,500 jobs? 1,500 jobs? Fifteen percent of
its operating budgets? We're going with "none of the above."
What Yahoo management is really tackling are Yahoo's out-of-
control salaries and titles. Yahoo, an insider tells us, has
relatively narrow pay bands for specific job titles. That means
the best way to keep someone getting wooed by Google or a
startup is to promote them. During the Microsoft takeover
battle, Yahoo liberally tossed around raises to keep people, a
source who tried to recruit people away from yahoo tells us. Add
to that Yahoo's epic turnover, which has led to many battlefield
promotions. The result: Yahoo has VPs who ought to be directors,
directors who ought to be managers, and managers who shouldn't
be, period. So what's the answer? A "hard reset," our source
tells us — a massive bloodletting that will purge Yahoo of the
overpaid and overtitled.