layoffs

EDS face more pay cuts

So this just surfaced across the web in the news. It seems EDS employees are facing more pay cuts again. Seriously?

Last I checked, the government told us that Canada is out of a recession. It seems like the US part of HP is blindly sending down paycuts to their Canadian bretheren. You do realize that we are a different country and are actually not doing so bad in comparison? Maybe you want to look at the numbers before doing this sort of thing.

I seriously disagree with the amount of paycuts that have been hitting EDS, it’s not fair to the employees that have been working their butts off for the company and making them money all these years. There are lots of places where they could cut but just don’t want to so instead the little guy gets the shaft.

Read more about it here.

-RP

HP and EDS Pay Cuts

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.

-RP

Massive layoffs sweeping the IT industry

Well it looks like we’re getting even more bad news this year….

Microsoft, IBM and Intel have announced massive layoffs. The buzz about the Net is that Microsoft is going to layoff 5000 people, Intel is going to cut about the same and IBM is going to be laying off people with no specific number announced yet….although according to rumours it could be 3 times as much as the other guys.

So what’s going on here? It’s quite simple really, it doesn’t matter how big you are, you can’t dodge the economic crisis that has gripped the nation. Even the big boys are going to have to tighten their belts.

What I find interesting is that IBM has beat all of Wall Street’s expectations despite the economic crunch and they’re still laying people off. What does a company have to do to not have to lay people off during these times?

-RP