November 4th, 2008
Dell plots more cost cuts
Dell is planning on additional cost cutting measures including forced time off.
According to the Austin American-Statesman, CEO Michael Dell sent a memo outlining more cost cuts. The paper reports:
Dell said the company will consider a range of options to reduce its costs, including a hiring freeze, cutting contract employees, severance packages, the five-day furlough and, if necessary, more layoffs.
The Wall Street Journal followed the American-Stateman’s report. The company had planned to cut about 10 percent of its workforce and has largely met that goal. However, Wall Street has been clamoring for more. Toss in a slowdown that has hurt Dell’s ability to project future quarters and the additional cost cutting shouldn’t be surprising.
Larry Dignan is Editor in Chief of ZDNet and Editorial Director of ZDNet sister site TechRepublic. See his full profile and disclosure of his industry affiliations.
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