Hah…EDS announced today they are cutting pay an additional 10% on top of the 5% announced earlier. It seems the company figures if it can’t get customers to pay it can just milk the employees dry. I’m not making less that what I was making when I hired into EDS in 2001. At that time the expectation was 45-48 hours with a weekend two or work per month. I’m now working 70 hour weeks (as is the rest of my co-workers). The ironic part is the pay cuts are only being forced on US and Peurto Rico employees. Elsewhere, employees are protected by their countries’ laws, so the US employees are being forced to shoulder an unfair share of the burden. Furthermore, only EDS employees (not HP) are being targeted with this additional 10% cut based on the email message that was sent. Apparently we EDS employees are second rate citizens at HP. I’m convinced there is no value in being an expendable commodity as an employee for a large corporation. Regardless of the hours we work, our salaries are fixed and there is always an excuse as to why raises or bonuses aren’t available. They way I figure it, if I’m being paid less than I was paid working fewer hours 8 years ago, my productivity needs to decrease appropriately. I feel a lingering illness approaching….
This is just getting crazier everyday…………I am another victim of HP-EDS merger. I am totally amazed to see how these firms can just milk employees of their income at their own will…….It feels like getting ripped from both the companies….HP and EDS, My only query is that when times get better will we get awarded by both firms or none ?
As an EDS employee with a unit that *is* making millions for the parent company I just don’t understand why the company would slash salaries of the good hard workers, dropping the employee’s good faith in the company and encouraging the Great employees to jump ship. We had been through so much with pre-acquisition layoffs that 1) were not required of our unit and yet management complied and used the layoffs as a way to get rid of dead weight and 2) Key personnel leaving that we were unable to replace. My group has gone from 16 employees down to 10. We work 60-70 hours per week building up and maintaining the systems that make the $$ with no let-up and are now we are devalued to the point that most of us who aren’t lifers with the company are on the market looking.
I realize no individual is irreplaceable, but what happens when the group that maintains and created the very software that keeps billion dollar clients happy and hefty penalties if they’re not, is reduced down to the point that we cannot keep up with even the simplest of every day functions?
HP took a 5% pay cut now EDS is cutting 10% more they pulled the stock plan and gutted the 401k
they won’t pay for your internet to log in and do mandatory UNPAID overtime. HP/EDS is just a sweatshop, and a very nasty environment to work in. Way to GO Hurd and Liverlips.
its not just EDS employees..its ANY employee in the EDS business UNIT in the US and PR..which includes..ding ding…HP Services/OS employees who are now part of the frikking EDS group. 15% pay…30% less work … no more meetings before 9 and After 5..screw that.
15% paycut…30% less work.
We (EDS Business UNIT) should stage a walkout..not show up for work 1 day…either at teh client site or DC…
I guess they don’t think the economy affects us…we don’t have bills to pay, put kids thru school, buy food…pay for gas to drive to work…
Im looking for a new job, EDS just wants to ship ever dollar to the execs, its clear we will never get a raise ever again.
EDS people are scared,
all the cuts have been chosen,
We lost up to 30 percent,
and the pension is frozen.
The 401K plan is crap,
Said HP with a hatchet,
We will decide when we want,
and if we want to match it.
You are stuck in this state,
with no jobs and no hope,
So we will take some of your vacation,
And see how you will cope.
So you go right ahead,
we dare you to quit.
There are no jobs like yours,
because the economy is sh*t.
So you will take all our paycuts,
lost vacation, with glee,
Because good old EDS
was bought out by HP.
(Note: the main EDS person who was involved in the sale to HP has been laid off permanently). Surprised? We aren’t. Buy Dell!
It’s even worse now. EDS employees got their jobs codes “aligned” with HP’s, and HP “aligned” their pay accordingly. Most people got salary cuts between 10% and 40%…a few up to 60%!
If the job code didn’t match up between the companies, HP created new codes and placed employees at entry level in them.