November 4, 2008

Dell Asks Employees to Take Unpaid Leave To Prevent More Layoffs

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. Read More

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