Camsdcute's Lair » HP http://www.camsdcute.com food and fashion, work and play, friends and celebrities, politics and money, and the way things look from my point of view Tue, 20 Sep 2011 22:44:11 +0000 en hourly 1 http://wordpress.org/?v=abc HP To Cut Pay of Global Workforce http://www.camsdcute.com/hp-to-cut-pay-of-global-workforce/ http://www.camsdcute.com/hp-to-cut-pay-of-global-workforce/#comments Tue, 24 Feb 2009 15:45:53 +0000 marlon http://www.camsdcute.com/?p=677 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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