Hurd has a reputation for aggressive cost-cutting. He laid off 15,200 workers — 10% of the workforce — shortly after becoming CEO. Other cost-cutting includes reducing the IT department from 19,000 to 8,000, reducing the number of software applications that HP uses from 6,000 to 1,500, and consolidating the HP's 85 data centers to 6. In the recent recession, Hurd imposed a 5% pay cut on all employees and removed many benefits. Hurd himself took a pay cut of 20% in his base salary, although the compensation committee increased his bonus by the same amount. Following the acquisition of EDS, Hurd instructed that all EDS employees should have their salaries adjusted to match the salaries of their HP counterparts, with pay cuts of as much as 20%.
Isn't amazing? You lay off workers, make the workers left working do the laid off workers work, instead of increasing pay to compensate for extra work load impose 5% cut in pay for every worker. It's not cost cutting by improving procedures or increasing productivity, it simple cutting into the workers take home and increasing work load.
This is slippery slope that leads to new equal opportunity slavery.
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