Dell’s CEO Michael Dell has sent a memo to all the employees outlining company’s efforts to cut costs. In the memo Dell has asked employees to consider taking up to five days of unpaid leave to prevent more layoffs. The memo also calls for temporary companywide hiring freeze, the elimination of contract employees, severance packages to those who depart voluntarily and a voluntary furlough of one to five days. In the memo Dell says that more layoffs may be necessary if the efforts do not achieve enough cost savings.
“We’re implementing a program that helps better position Dell for long term competitiveness,” says spokesman David Frink. “What we’re trying to do is address costs in a way that gives employees more choices.”
[Via Austin Business Journal]