From DICE News, December 29, 2008...
What do companies like Dell, Cisco Systems, Motorola, and the Seattle Times have in common? They’re among those seeking to cut expenses WHILE avoiding layoffs. The New York Times recently reported some companies are “freezing hiring, offering voluntary retirement packages, cutting hours, reducing salaries or delaying raises” as a way to reduce the need to lay off workers.”
We’ve talked about some of this before: Dell has implemented an extended unpaid holiday, while Cisco will hold a four-day shutdown. Motorola is planning salary cuts and the Seattle Times hopes to save money with an unpaid furlough for 500 workers.
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