Feeds

MemoWatch Lucent in fiscal clampdown

Stop eating, it's expensive

  • alert
  • submit to reddit

Internet Security Threat Report 2014

The Vulture Central MemoWatch team recently published an internal email from Lucent's Henry Schacht illustrating the company's money woes.

Hot on its heels comes this explicit offering. Financial troubles? Us?:

-----Original Message-----
Sent: Wednesday, June 06, 2001 11:53 AM
Subject: WNG NewsFlash: Letter from Brewington - June 6, 2001

========================================================
Wireless Networks NewsFLASH
For the people of Lucent Technologies' Wireless Networks Group (WNG)
June 6, 2001
========================================================

In This Issue
* Letter from Jim Brewington

All,

Last week you heard from Henry Schacht about the need to accelerate our turnaround. We've all been working aggressively to meet and exceed customer expectations and ensure that Lucent remains in the game. But there are other actions we can take in the short term that will go far in improving our cash flow and restoring our profitability.

Each of you can significantly contribute to our success by carefully evaluating all spending and finding ways to cut. Individual decisions add up quickly in a business of our size. Each dollar you save goes directly to our bottom line and makes Lucent more successful. To help guide you, Lucent has established the following company-wide savings initiatives that take effect immediately. Your support for these measures is critical to their success.

** Travel only for customer meetings.
- All travel must use preferred travel suppliers and be booked through Lucent Travel On-Line or the Lucent Travel Center.
- Any travel booked outside these resources will not be reimbursed. Lucent's travel policy is available at http://www.travel.lucent.com/.
- American Express accounts must be used for all travel expenses.

** No off-site meetings except for necessary customer events.

** Eliminate company-provided food, beverages and snacks at internal meetings.

** Suspend all purchases of new PCs, laptops, servers and printers.
- All requests in the United States for replacement IT equipment must be made through the Computer Provisioning Center at http://ciocentral.lucent.com/services/cio_cpc. The center will use existing inventory to replace equipment.
- Any equipment purchased individually by employees through other resources will not be reimbursed. - Employees outside the United States who need IT equipment replacement should go to Lucent's Supply Chain Networks Web site for more information, http://sns.web.lucent.com/about/ap_emea_cala.htm.

** Reduce or eliminate wherever possible the use of pagers, cell phones, home phone and computer lines.

** Stop all moves, rearrangements and furniture purchases.

** Stop orders of Lucent gift items except for customers.

** All capital expenditures must be approved by an Operating Committee member. Capital expenditures can range from office refurbishments and furniture to laboratory and factory equipment.

** Use of consulting services must be approved by an Operating Committee member.
- If approved, all consulting and professional services must be contracted through Lucent's Professional Services management program.
- Policies and guidelines for engaging consultants can be found at http://esupply.web.lucent.com/professional_services/.

** All non-employee workers must be contracted through Lucent's Managed Services Program.
- Requests for non-employee workers can be made through the Managed Services Program Website.

I can't emphasize enough how critical it is for every one of us to stop non-essential spending. If we all do our part in supporting the steps outlined above, the results will immediately improve our bottom line. But more than that, I know you will use your creativity and initiative to go beyond these measures to find other ways for us to conserve our resources while effectively serving customers.

To date, we've made significant strides toward fixing the business and I thank you sincerely for your efforts and dedication. Now as we move into the next phase of our restructuring, we will accelerate the work we are doing and reduce expenses wherever possible to ensure the success of our turnaround.

Together, we have the opportunity to control our own destiny. It's up to us to make it happen.

Sincerely,

Jim Brewington

Reg office manager Vicki has kindly knocked up a big cauldron of soup. Any Lucent employees who haven't eaten for a week or more are invited to Vulture Central on any Friday afternoon for a free bowl. We have also just received a container of winter clothing donated by Romanian orphans. The kids thought that it was only right that these items should go to those in greater need. ®

More MemoWatch goodies

Get touchy-feely with EMC and Lucent

Choosing a cloud hosting partner with confidence

More from The Register

next story
Facebook's Zuckerberg in EBOLA VIRUS FIGHT: Billionaire battles bug
US Centers for Disease Control and Prevention contacted as site supremo coughs up
Space exploration is just so lame. NEW APPS are mankind's future
We feel obliged to point out the headline statement is total, utter cobblers
FedEx helps deliver THOUSANDS of spam messages DIRECT to its Blighty customers
Don't worry Wilson, I'll do all the paddling. You just hang on
Down-under record: Australian gets $140k for pussy
'Tiffany' closes deal - 'it's more common to offer your wife', says agent
Internet finally ready to replace answering machine cassette tape
It's a simple message and I'm leaving out the whistles and bells
The iPAD launch BEFORE it happened: SPECULATIVE GUFF ahead of actual event
Nerve-shattering run-up to the pre-planned known event
Win a year’s supply of chocolate (no tech knowledge required)
Over £200 worth of the good stuff up for grabs
STONER SHEEP get the MUNCHIES after feasting on £4k worth of cannabis plants
Baaaaaa! Fanny's Farm's woolly flock is high, maaaaaan
Boffins who stare at goats: I do believe they’re SHRINKING
Alpine chamois being squashed by global warming
Swiss wildlife park serves up furry residents to visitors
'It's ecological' says spokesman, now how would you like your Bambi done?
prev story

Whitepapers

Forging a new future with identity relationship management
Learn about ForgeRock's next generation IRM platform and how it is designed to empower CEOS's and enterprises to engage with consumers.
Why and how to choose the right cloud vendor
The benefits of cloud-based storage in your processes. Eliminate onsite, disk-based backup and archiving in favor of cloud-based data protection.
Three 1TB solid state scorchers up for grabs
Big SSDs can be expensive but think big and think free because you could be the lucky winner of one of three 1TB Samsung SSD 840 EVO drives that we’re giving away worth over £300 apiece.
Reg Reader Research: SaaS based Email and Office Productivity Tools
Read this Reg reader report which provides advice and guidance for SMBs towards the use of SaaS based email and Office productivity tools.
Security for virtualized datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.