Articles about Cost Cutting

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IBM CEO Ginni flouts £75 travel crackdown, rides Big Blue chopper

IBM’s glorious leader Ginni Rometty – also known in some corners as the axe woman – this week cocked a snook to the corporate directive on travel restrictions by flying into the Hursley-based R&D centre in a Big Blue chopper. An IBM UK Lab Campus blog, seen by El Reg, revealed that the chairman, president and CEO spent 17 May …
Paul Kunert, 19 May 2017

Outsourcing tanker CSC sales growth torpedoed

Leaky outsourcing tanker CSC saw sales growth drift off on the horizon for yet another quarter – the first of its fiscal 2016 – but the services slinger is back in the black, without the help of tax benefits. The fact CSC slashed costs and expenses by nearly half a billion dollars had nothing to do with bottom line beefiness, …
Paul Kunert, 12 Aug 2015

Avnet TS bemoans slow PC sales and currency for Q4 shrinkage

Avnet Technology Solutions reported a near double-digit decline in revenues to close off Q4, despite selling roughly as many enterprise tech products as it did in the same period a year ago. A financially flattish quarter turned into a declining one, in part when local coinage was converted back into a strong dollar, but …
Paul Kunert, 6 Aug 2015
willy wonka oompa loompa

Peak Google? Chocolate Factory cuts costs amid dwindling growth

Google is curbing staff recruitment and introducing a number of penny-pinching efficiency practices to try and gets its profit growth back on track, according to reports. A number of recruiters, venture capitalists and employees told the Wall Street Journal the Chocolate Factory is casting an increasingly critical eye over its …
Kat Hall, 14 Jul 2015
Cabinet Office minister Francis Maude against bakdrop of '70s stone facade with old axes hung up on wall (background by Michael Coghlan, licensed under CC 2.0

Mad Frankie Maude hangs up his axe

Axe-wielder-in-chief and Cabinet Office minister Francis Maude is to hang up his blade after the next election. Since first swinging into power in 2010 Maude has pledged war on the supplier "oligopoly", which have traditionally dominated Whitehall IT spend, placed a moratorium on IT contracts over £100m, overseen the creation …
Kat Hall, 2 Feb 2015
management project3

CSC set for ANOTHER re-org but no redundancies involved

Re-arranging the UK deck chairs on good ship CSC is the strategy the integrator has chosen after shelving plans to make further redundancies, according to numerous sources. The US-owned business does not generally shy away from making redundancies, axing 750 people from its Brit operation in late April and parting company with …
Paul Kunert, 10 Nov 2014

HP Enterprise Services staff feel the burn as managers turn off the cash taps

HP is turning the screws on folk in its Enterprise Services (ES) division to squeeze out overheads in a bid to hit "specific Must Do Numbers" for fiscal '14. On a global basis, ES revenues slipped seven per cent year-on-year in Q2 (May quarter) to $5.7bn and profit before tax was flat at $144m - the figures are not broken down …
Paul Kunert, 20 Jun 2014
francis_maude_flames_evil

National Audit Office tears government's savings claims in HALF

The National Audit Office has questioned the Cabinet Office's weighty ICT savings claims and revealed it still does not know how many small biz suppliers are winning public sector contracts. Minister Francis Maude's merry band claims it saved taxpayers £702m on tech and comms spending in fiscal 2012 ended March - £354m through …
Paul Kunert, 23 Jan 2013
hands waving dollar bills in the air

HP offers EDS staff unpaid leave, cuts in hours

HP has emailed EDS staff offering unpaid leave and temporary cuts in hours and wages in an attempt to cut costs. Before the end of October staff can take either unpaid leave or a reduction in working hours. All breaks need to be negotiated with managers and there is a minimum take-up of five days. Workers can either take a …
John Oates, 17 Jul 2009
The Register breaking news

BT offers staff time on hold

BT is offering its staff sabbaticals on reduced pay, as well as various other flexitime working options, in order to cut costs. The telco is also holding down executive pay, as detailed in its annual report. The company is piloting various other ways to control costs. Staff are being offered special leave on part pay, …
John Oates, 6 Jul 2009
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HP Ireland asks staff to vote for pay cut

HP has begun asking EDS staff to take a pay cut as part of its wide-ranging cost cutting strategy. In a bizarre email, seen by the Reg, titled HP Salary Reduction Programme, staff from the Electronic Data Systems are asked to agree a five per cent pay cut, and related cuts in benefits, by clicking on the "I Agree" button. The …
John Oates, 30 Jun 2009
homeless man with sign

Microsoft abolishes Money

Microsoft is pulling the plug on Money - its personal finance and small business software package. The software will no longer be available to buy after 30 June and anyone who has bought MS Money needs to activate it before 31 January 2011. Microsoft Money was sold in four versions from $19.99 to $69.99. Microsoft will …
John Oates, 11 Jun 2009
The Register breaking news

Pan-European network share for Vodafone and O2

Vodafone and Telefonica, which trades as O2 in the UK, have signed a massive network sharing deal to work together across Europe. The two will share networks in Germany, Spain, Ireland and the UK. Talks are still going on to finalise a similar deal in the Czech Republic as well as looking at other areas of possible …
John Oates, 23 Mar 2009
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HP skims another 10% off some EDS workers' pay packets

Hewlett-Packard has confirmed its EDS employees in the US and Puerto Rico will have their base salaries cut an additional ten per cent for April 2009 only. The company told its staff late on Friday that some workers would temporarily suffer a second drop in pay to help HP execs steer the services outfit through tough economic …
Kelly Fiveash, 16 Mar 2009
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Consultants chase BT for £88m over 'contract breach'

BT is being sued by consultancy Magenta netLogic for £88m for alleged breach of contract. The firm claims it signed a contract with BT to investigate potential savings at BT Global Services - the company would then be paid a percentage of any savings the telco made by acting on Magenta's advice. Magenta is seeking £80m in …
John Oates, 13 Mar 2009
The Register breaking news

BT freezes wages for 100,000

British Telecom is freezing wages for all its 100,000 UK staff in a "head on" response to the economic downturn. A BT spokesman said: “BT can confirm that, after careful consideration, there will be no pay rises as a result of this year’s review of salaries. This will apply to all UK employees, including BT’s most senior …
John Oates, 12 Mar 2009
The Register breaking news

Siemens ditches consultants

Engineering behemoth Siemens is canning contracts with external management consultants in order to cut costs. Peter Löscher, chief exec of Siemens, told managers last month to cut contracts with external consultants as quickly as possible. Staff should use internal consultants or seek sign-off from the group's chief finance …
John Oates, 12 Feb 2009
The Register breaking news

Merrill Lynch confirms IT job cuts

Merrill Lynch CEO John Thain has confirmed that the search for $7bn in cost cutting was likely to mean thousands of job cuts at the firm following its takeover by Bank of America. Thain said the integration process had already begun after the $50bn bail-out. "Most jobs will go on the infrastructure side - IT, finance and …
John Oates, 21 Oct 2008

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