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Articles about Pay Cut

Capita IT Services staff plan strike over pay this Friday

Unionised Capita IT Services (ITS) workers are staging a one-day strike over pay on Friday. Unite reckons the industrial action could impact customers including Deutsche Bank and Prudential. Negotiations between staff and management have hit the buffers and top brass at the integrator are refusing to get back round the table to …
Paul Kunert, 24 Jul 2013
Fretlight Guitar

Pandora boss urges 85% pay cut for musicians

Here's an example of what the new 'internet economy' really looks like, in practice. The leading backer of a bill passing through US Congress that will slash musicians' pay by 85 per cent, as well as effectively outlawing them from bargaining collectively with their paymasters, has been selling stock worth $1m in his own …
Andrew Orlowski, 17 Oct 2012

IBM furloughs hardware workers for a week to cut costs

New IBM System and Technology Group chief Tom Rosamilia and his boss, CEO Ginni Rometty, are tightening the belts of Big Blue's hardware business so that it can make its numbers in the current or future quarter. Rumors were going around that IBM was going to put employees working in the Systems and Technology Group on furlough …
money notes lifted up

ZTE execs halve pay until profits return

Executives at Chinese telecoms kit maker ZTE have agreed to take a whopping 50 per cent pay cut until the beleaguered firm claws its way back into the black. The Shenzhen-based tech giant, which is the world’s fifth largest smartphone maker by shipments, earlier this week predicted a 260 per cent, or 1.75bn yuan (£174m), drop in …
Phil Muncaster, 18 Oct 2012
Apple CEO Tim Cook, 2012

Apple supremo Tim Cook's pay packet SLASHED 99% in 2012

Apple boss Tim Cook took a 99 per cent pay cut in 2012 - the year his firm's maps crapp confused iPhone fanbois and rival Android dominated the mobile market. The chief executive took home a paltry $4.17m in salary and a non-equity bonus, according to paperwork just filed with US financial regulator the SEC, down from the $378m …
Chris Williams, 28 Dec 2012
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HP offers contractors a choice: 5 per cent pay cut ... or 100 per cent

HP has told some IT contractors to expect at least a five per cent pay cut as it looks to eke out cost savings across the organisation. A letter sent out by IT employment agency Advanced Resource Managers (ARM) IT Ltd last week to the behemoth's field of techies confirmed HP's intent to end-of-life its existing Enterprise …
Paul Kunert, 29 Mar 2012
The Register breaking news

UBS tells IT contractors: Take a 10% pay cut ... or 100%

UK contract IT staff at Swiss bank UBS have been given the choice of taking a 10 per cent pay cut or receiving four weeks' notice. UBS informed outsourced workers that due to the current economic climate, it had decided to reduce rates and those who did not want to accept the new rates would be let go, with some given less than …
The Register breaking news

Shell issues 12% pay cut ultimatum to IT contractors

Royal Dutch Shell has reportedly told its UK-based IT contractors they will be asked to quit if they fail to accept a 12 per cent pay cut. According to Contractor UK, the multinational company wrote to its IT contractors last month, informing them of its plan to slash rates as part of a cost-cutting exercise. It warned IT …
Kelly Fiveash, 08 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
Suitcase bulging with cash

Tech Data execs: Nooooo... It's the INCREDIBLE SHRINKING payslip

It's tough at the top. Just ask senior execs at distie titan Tech Data, who took home a smaller pay packet in fiscal '13 as sales and profits slipped. But don't feel too sorry: CEO Bob Dutkovsky made $4.2m in total comps for the financial year ended 31 January, down 2.5 per cent from $4.31m in the previous 12 months. His base …
Paul Kunert, 07 Feb 2014
Broken CD with wrench

Hurd to take $950,000 salary after Oracle pay cut

Mark Hurd will take a 25 per cent pay cut to work for Larry Ellison — if HP fails in its legal maneuver to block the Oracle CEO's audacious hire. Ellison has offered HP's former chief a salary of $950,000 as an Oracle president and board member — stratospheric by mortal standards, but down from Hurd's $1.27m take at HP. Hurd …
Gavin Clarke, 08 Sep 2010
The Register breaking news

Pay cut consultations could trigger redundancy payments

Companies which follow computer maker Hewlett-Packard's lead and attempt to cut staff wages risk triggering redundancy law payouts if they do not consult staff properly, an employment lawyer has warned. Hewlett-Packard is seeking to cut the pay of its 300,000 staff by between 2.5% and 15%, depending on the level of job they have …
OUT-LAW.COM, 24 Feb 2009
Pink Floyd: The Wall

Pink Floyd blasts Pandora for 'tricking' artists with petition

Three members of iconic British psychedelic rockers Pink Floyd have penned an editorial condemning the practices of streaming music service Pandora, which they say has been trying to trick recording artists into cutting their own pay. The editorial, which appeared in USA Today on Sunday, called out Pandora and its CEO Tim …
Neil McAllister, 25 Jun 2013
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Pay and holidays trimmed for CSC outsourcers

Thousands of workers at IT services firm CSC have been given a temporary pay cut and asked to cash in their holidays, as customers hold back on spending. Approximately 6,800 employees at CSC's Americas' Outsourcing group were told by email on January 18 that their pay is being reduced as a "temporary measure" thanks to " …
Gavin Clarke, 22 Jan 2011
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HP begins selling pay cut plan to European workers

Hewlett-Packard has begun the tricky task of convincing its workers in the UK and Europe to voluntarily take a pay cut. The vendor announced yesterday that it was pursuing a company wide pay cut as an alternative to redundancies as it negotiates the current economic downturn. But while US law gives the firm some latitude to …
Kelly Fiveash, 20 Feb 2009
union_jack

Blighty evades Fujitsu's staff-slashing samurai sword

Fujitsu's workers in UK and Ireland will be spared the axe after the global tech corp prepared to lay off 5,000 employees. British and Irish staff will avoid the redundancies because they met sales and profits expectations. The Japanese electronics monster is undergoing a substantial shakeup: yesterday it announced it will spin …
Paul Kunert, 08 Feb 2013

Music licensor seeks to block Pandora from running a radio station

The American Society of Composers, Authors and Publishers (ASCAP) has filed a petition with the US Federal Communications Commission (FCC) to block Pandora from running a terrestrial radio station, claiming that to allow the streaming music service to do so would not serve the public interest. Pandora acquired the radio station …
Neil McAllister, 29 Jul 2013
hands waving dollar bills in the air

HP forces swingeing pay cuts on EDS staff

HP is asking US based EDS staff to take their third pay cut of the year - this time as much as 30 per cent of their salaries. Staff in the UK and Ireland have already been asked to take cuts of up to five per cent, and have also been encouraged to take unpaid leave over the summer. But The Dallas Morning News reports that EDS …
John Oates, 06 Aug 2009
IBM

IBM hits back against over-timers with pay cut

IBM's technical support grunts may have won the battle for overtime pay, but the company has cooked a major catch to its peace agreement. Big Blue is now conceding that about 7,600 IT specialists and tech support workers (about 6 per cent of its US workforce) need to be reclassified as being eligible for overtime wages. But the …
Austin Modine, 23 Jan 2008
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Fujitsu cuts contractor pay

Fujitsu Services has confirmed that it is asking contractors to swallow a 15 per cent pay cut because of prevailing economic conditions. The company said about 450 staff employed by agencies would be hit, but not temporary staff or those on fixed term contracts. Fujitsu said: This programme is designed to realign our costs …
John Oates, 22 Apr 2009
IBM

IBM hacks into chip peoples' pay

Bunny people working at IBM's US chip plants face tough times. IBM has confirmed reports that it will cut the pay of 3,500 assembly line workers at New York factories in East Fishkill and Poughkeepsie and another factory in Vermont. The workers will see their wages drop 10 per cent. Next year, shift employees will also lose out …
Ashlee Vance, 07 Aug 2008
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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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AMD to reverse pay cuts

The employees at chip designer and seller AMD got some good news in their email this week: they are getting a raise. Sort of. According to the Austin American-Statesman, the local paper in AMD's Texas hometown, new chief executive officer Dirk Meyer is getting ready to rescind the pay cuts that AMD instituted in January, when …

Alcatel Lucent battles unions in bid to slash 5,500 jobs

Ailing telecoms kit maker Alcatel Lucent is facing a typically robust response from French unions as it tries to slash costs, and over 5,000 jobs, in a bid to compete better - especially against low-cost rivals from China. The firm first announced plans to cut more than six per cent from its 78,000 strong global workforce back …
Phil Muncaster, 22 Oct 2012
The Register breaking news

Fujitsu execs take pay cut after Tokyo exchange crash

Fujitsu is to dock the pay of senior executives after the Japanese computer giant took the blame for a software glitch that forced the Tokyo Stock Exchange (TSE) to suspend trading earlier this month. The exchange was only able to operate for 90 minutes on 1 November due to bugs with a newly installed transactions system, …
John Leyden, 25 Nov 2005
For Sale sign detail

EMC snips CEO pay

EMC has cut the pay of CEO Joe Tucci and four other senior executives by ten per cent. It also has an agreement with Tucci to secure continuity of his employment to the end of 2010 - but why? In an SEC filing its Leadership and Compensation Committee report said: "Given the challenging global economic environment, as part of our …
Chris Mellor, 27 Mar 2009

Ballmer: 'I call it all Windows, all the time'

This was the week when NSA PRISM whistleblower Edward Snowden decided to lead the world a merry chase, like an ostentatious Phileas Fogg, or a WikiLeaks-inspired Where's Wally, with obfuscation ever his watchword. To put it another way, he took off from Hong Kong and no one's sure where he is any more. The man who outed …
globalisation

Micron to cut 2,850 jobs, slash NAND flash biz

Micron Technology, the largest memory maker in the US, plans to lay off 15 per cent of its workforce and halt production of NAND flash chips at its Boise, Idaho headquarters. The company had a rough year in fiscal 2008, posting a net loss of $1.6bn as market overproduction of NAND flash, falling prices, and reduced corporate …
Austin Modine, 09 Oct 2008
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Dixons Retail boss pockets £1m in face of consumer meltdown

Dixons Retail chief exec John Browett trousered over £1m in rewards during the most recent financial year, despite the group posting steep losses as it struggled to cope with the consumer meltdown. Browett, who joined Dixons from Tesco in 2007, is masterminding a major cost-cutting drive to turn the losses into profits by …
Paul Kunert, 18 Jul 2011
The Register breaking news

Micron chairman takes 100% pay cut

Micron chief Steve Appleton has decided he won't get paid until his company is making a profit again. But since he earns over $784,000 - according to the company's Securities & Exchange Commission filings - before bonuses and stock options - which he'll presumably continue to receive - we don't think he'll be too badly off. …
Tony Smith, 24 Oct 2001

NSA whistleblower to tech firms, Obama: 'Grow a pair!'

Edward Snowden, the 29-year-old fugitive who revealed the NSA's PRISM system, has told the technology companies involved in surveillance to stand up for users' rights and demand a change in the current law. "If for example Facebook, Google, Microsoft, and Apple refused to provide this cooperation with the Intelligence Community …
Iain Thomson, 17 Jun 2013
GAVELSEC

ZTE gets $5bn Chinese government cash injection

Struggling telecoms kit maker ZTE received a timely boost on Tuesday when the Chinese government effectively stepped in to increase its financing of the firm by $US5bn, although the future of China’s tech giants abroad is looking less certain after an SEC clampdown on accounting practices. Shenzhen-based ZTE announced that the “ …
Phil Muncaster, 05 Dec 2012
The Register breaking news

Anonymous releases law firm's emails about Haditha killings

Anonymous has leaked a trove of emails relating to the deaths of 24 Iraqi civilians at Haditha after hacking into a law firm's systems. The hacktivists claim to have made off with a 2.6GB email spool after breaking into the systems of Puckett Faraj, the law firm that represents Frank Wuterich, 31, the Marine staff sergeant at …
John Leyden, 06 Feb 2012
The Register breaking news

CWU accepts BT pay offer

The Communications Workers' Union (CWU) is closer to settling this year's pay dispute with BT. Union bosses are recommending workers accept BT's 3.5 per cent pay increase to be backdated to 1 April. Throughout the pay talks - described by the CWU as "long and tough negotiations" - BT had offered a below-inflation deal which …
Tim Richardson, 06 May 2005
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Boss wrong to demote man over anti-gay-marriage Facebook post

A Christian man who expressed his unfavourable views about gay marriage on Facebook - and was subsequently demoted with a 40 per cent pay cut by the Manchester-based housing trust he worked for - has won a breach-of-contract case against his employer. Mr Justice Briggs ruled in London's High Court this morning that the actions …
Kelly Fiveash, 16 Nov 2012
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Gelsinger paid more than the boss at EMC

SEC filings by EMC show that newcomer Pat Gelsinger was paid more than chairman and CEO Joe Tucci in 2009. Pat Gelsinger is EMC's Chief Operating Officer and runs its Information Infrastructure Products division. He joined EMC from Intel in September 2009. There was a 10 per cent pay cut across EMC in January 2009, as part of …
Chris Mellor, 23 Mar 2010

How IT bosses turned the tables on our cushy consultancy gigs

I think I’ve been through enough economic cycles in my life to say that the nature of employment, at least in the financial-tech industry that I’m most familiar with, has changed fundamentally in the last few years. If you’re a technology worker and your job suddenly seems unusually precarious, that’s because it is: fear of …
Dave Mandl, 04 Nov 2012
The Register breaking news

BT workers to ballot for strike

The Communication Workers Union, representing 55,000 BT workers, is to ballot staff on strike action against a perceived pay cut in the face of company profits and management bonuses. BT has offered workers a 2 per cent pay rise, but the union argues that given an inflation rate of 4.4 per cent that actually means cutting wages …
Bill Ray, 26 May 2010
The Register breaking news

Acer's chief takes pay cut as Taiwan warns of recession

Stan Shih, CEO of Acer, has taken his first steps to restore the ailing semiconductor division of the company by cutting his own salary by 30 per cent. Separately, the Taiwanese government issued a warning that the country was in danger of entering a recession. Shih expects other executives and staff at Acer Semicon to take pay …
Mike Magee, 28 Aug 1998
The Register breaking news

UK forensic scientists to strike over pay

Unions representing the employees of the UK's Forensic Science Service (FSS) have called a one-day strike in protest over a below inflation rate pay increase. At the end of April 2004, Prospect, the union representing scientists in the FSS balloted members on the industrial action. Today, support staff, represented by Public …
Lucy Sherriff, 18 May 2004
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CSC cost-cutting spreads to Europe

CSC staff in the US have been forced to take a compulsory, temporary pay cut, and now staff in Europe are being told they must take five days leave before 1 April to help the company hit its targets for the financial quarter. In an internal email – seen by the Register – Andy Williams, CSC's president and CEO, wrote: "We are …
John Oates, 28 Jan 2011
The Register breaking news

Ofcom ignores radio in annual report

Don't touch that dial: Ofcom's annual report devotes more space to diversity targets and the quango's own carbon emissions than it does to the state of British radio. The regulator touts its Times award as one of the Top 50 employers for women and Stonewall Award as a Diversity Champion in its 114-page state-of-the-quango …
Andrew Orlowski, 18 Jul 2011
The Register breaking news

DWP IT contractors in strike ballot

HP contractors working for the Department for Work and Pensions will vote on whether to strike over job losses and pay. More than 1,000 government IT contractors, working mainly for the DWP in locations around the UK including Newcastle, Washington, Preston and near Blackpool, are voting in a ballot which will run until 30 …
Kable, 19 Nov 2009
The Register breaking news

Job cuts start to bite at Barclays

Barclays Bank is cutting 200 jobs from its IT department, but the bank is hoping it will reduce the number of redundancies originally announced. The redundancies are from its Global Retail and Commercial Banking department. We received an email from a Barclays worker which said 200 permanent jobs in technology and shared …
John Oates, 11 Jun 2009
The Register breaking news

UK population to abandon Midlands

Orange has been asking people where they would like to live, and assuming connectivity makes it possible it seems the North will not just be grim, but also deserted. Orange surveyed 3,281 office workers in the UK and discovered that 16 per cent of them would take a £6,900 pay cut if they could pick where they worked, while 42 …
Bill Ray, 26 Aug 2009

HP faces first ever UK strike action

HP faces possible strike action from some of its employees in the UK, after trade union Unite announced a vote among its 150 customer engineers, whose jobs are being shifted to a subsidiary firm. If the strike gets the go-ahead, it will be the first of its kind at HP, which in the past two years has undergone dramatic job culls …
Kelly Fiveash, 28 Oct 2009
The Register breaking news

Microsoft protest organizer returns to code

The engineering contractor protesting against Microsoft's 10 per cent pay cut has accepted terms to return to work. Phil Palios has blogged he's accepted the amended contract with his employer Volt following meetings with the company. In a lengthy post, Palios said that he'd realized he can continue working at Microsoft as a …
Gavin Clarke, 07 Mar 2009
hands waving dollar bills in the air

HP hits UK workers with canteen, car, pension cuts

Hewlett-Packard and EDS employees in the UK who are currently bracing themselves for pay cuts can now expect to see food subsidies axed, a pension scheme shake-up and changes to their car allowances. HP told workers yesterday in a memo seen by The Register that prices in the company’s canteens would be jacked up, fewer meal …
Kelly Fiveash, 18 Mar 2009
The Register breaking news

Top four EDS execs exit stage left

Four top EDS executives are leaving their jobs to "explore other opportunities" as part of the sprawling services company's layoff-and-pay-cut-heavy digestion by Hewlett-Packard. EDS will see Tom Haubenstricker, head of finance; Mike Koehler, head of EDS Americas region; and Mike Paolucci, head of human resources depart the the …
Austin Modine, 25 Apr 2009
The Register breaking news

Baltimore board votes in pay cuts

Senior execs at security firm Baltimore Technologies have agreed to take a pay cut that reflects the firm's diminished financial health. Newly appointed chief executive, Bijan Khezri, has agreed to work for a salary of £150,000 and to wave any bonus entitlements he might earn this year. Backdated to October 1, Baltimore's …
John Leyden, 30 Oct 2001