Posted by: Raj Perumal
economic downturn, EDS, HP, layoffs, pay cuts, paycuts
Hi folks, the recent pay cut announcement at HP and EDS has been taken with mixed reactions. If you haven’t heard yet, they have announced that workers will be receiving a pay cut in lieu of layoffs.
Now I don’t know about you but in an industry where workers are already underpaid to begin with, the prospect of a pay cut is that much more crazy. Of course on the other side of the coin, would you rather lose your job or lose some of your pay? For most people it’s almost the same thing because they need that pay to make ends meet.
The executives have also taken a pay cut as well. Unfortunately that isn’t being taken very well by some employees and they are concerned about this whole situation regardless of that fact. I sincerely hope everything works out well in the end and that all the people involved are able to keep their jobs. I also hope that once the tough times are over, that HP rewards their employees for their loyalty and hard work.