Archive for the ‘Work’ Category
HP To Cut Pay of Global Workforce
February 24th, 2009
Nowadays, the problem is no longer the lack of manpower. As they say it, the faucets are working, but the well is dry.
I just read an article about HP’s plan to cut the base pay of employees by 2.5-20% instead of laying off people due to the crisis. An article related to this is in Yugatech.com, and a copy of HP’s CEO Mark Hurd letter to the employees is published in another blog – AllThingsD. I thought this letter is supposed to be confidential.
This broadcast was delivered just a few months after the HP’s ‘no annual salary increase’ announcement was released late last year. This is like having a rollback of your salary two years ago.
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