HP has announced that it plans to cut employee salaries. Over 300,000 employees across the world will all have to take pay cuts.
HP CEO Mark Hurd's will be cut 20 percent. While executive council members base pay, which will be reduced by 15 percent, 10 percent for other executives, 5 percent for exempt employees and 2.5 percent for non-exempt employees.
EDS, an HP Company employee this is terrible news?
This entry was posted
on Friday, February 20, 2009
and is filed under
Personal
.
You can leave a response
and follow any responses to this entry through the
Subscribe to:
Post Comments (Atom)
.
1 comments