Articles about Pay Cut

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Michael Dell takes $11m pay hit

Michael Dell has taken an $11m (£7.7m) pay cut ahead of the company's $67bn gobble of EMC, according to a filing to US regulator the Securities and Exchange Commission. In January 2016, Michael Dell took home a total package of $2.4m - which included his salary of $950,000. The last available compensation table for Dell's top …
Kat Hall, 31 Mar 2016

Techie the most recession-proof job

Want to survive the next global financial meltdown without being forced to trade your shoes for food? Well, you'd be safest to get a job in tech. Since 2002, the most "recession-proof" job has been the tech sector, with the total wage bill having risen 82 per cent to £32bn in 2013, as more folk flocked to get jobs in the …
Kat Hall, 10 Feb 2016
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Cisco account managers' sales bonuses slashed

Cisco has instituted a cap on the commissions it pays to sales staff, The Register has learned. A Cisco staffer tells us that some account managers could lose as much as 25 per cent of their compensation, due to an edict sent out last week. The new is retroactive, meaning the company will attempt to recover some commissions it …

The Government Digital Service: The Happiest Place on Earth

Special Report Last year, the UK's Cabinet Office asked an external management consultancy to examine staff morale and high turnover at the Government Digital Service. After interviewing more than 100 civil servants, its scathing confidential analysis described an organisation beset by low morale and run by a “cabal” management of old friends …
Andrew Orlowski, 28 Apr 2015
Concept of the Unimodal SkyTran system in use in Dubai.

'Hmm, why CAN'T I run a water pipe through that rack of media servers?'

eXpat Files Welcome once again to The eXpat files, our Vulture Weekend feature in which readers who've well and truly left the nest explain what it's like to ply their technological trade in another land. This week – we're going weekly by popular demand – meet D. Hayes Blanchard, who made the move from the US to Armenia, and then Dubai. …
Simon Sharwood, 19 Oct 2014
Apple iPhone 6

'People have forgotten just how late the first iPhone arrived ...'

QuoTW This was the week when IBM told a bunch of staffers that their skills weren’t up to scratch. To sort the problem out, Big Blue says it’s going to force them into mandatory training and make them give up ten per cent of their salaries for the privilege. In an email to workers, IBM said: A recent assessment revealed that some …
Dunce

Read IBM's note to staff announcing mandatory training and 10% pay cut

IBM has instituted a new, mandatory training program for some US employees whom management claims don't measure up in the skills department – and participants will be required to give up 10 per cent of their salaries for the privilege. The program was announced in a memo issued to the affected staffers, all of whom work in the …
Neil McAllister, 17 Sep 2014

Oracle cold bath shrinks Larry Ellison's pay package

Oracle's Larry Ellison, one of the world’s richest men and best-paid CEOs in the US, is getting his pay cut by more than half. The database giant's chief executive has been awarded just 3 million stock options by its compensation committee in its annual review process. That’s down from 7 million the year before and every year …
Gavin Clarke, 05 Aug 2014
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

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 …

Music licensor seeks to block Pandora from running a radio station

Updated 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 …
Neil McAllister, 29 Jul 2013

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

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

Quotw 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 …
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

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
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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
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 $ …
Chris Williams, 28 Dec 2012
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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
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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

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

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
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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
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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
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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

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

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 …
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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

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
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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
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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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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
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Hurd's HP legacy: Dell racer, IBM chaser

Somewhere in California, Carly Fiorina must nearly have choked to death from laughter while stumping for a US Senate seat as news of her successor's sudden departure broke following a sexual-harassment probe. It has not been an easy five years for Mark Hurd, the former president, chief executive officer, and chairman of HP, …
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 …
Bill Ray, 26 May 2010
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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
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

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 …
Kelly Fiveash, 28 Oct 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 …
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
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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
The Register breaking news

Barclays online banking borked

Barclays Bank customers have had to manage without online banking today after the institution unveiled its innovative "brand new look". We've had dozens of emails from unhappy customers today and some dating back to Friday. The bank doesn't have much luck with its technology - the ATM network went down last month and the …
John Oates, 27 Jul 2009
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
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

Fujitsu Services shuts final salary pension scheme

The union Unite has condemned the decision by Fujitsu Services to shut its final salary pension scheme. The scheme was closed to new entrants in 2000, but the company will now start a 90 day consultation with the 4,000 staff who are still members from today. Peter Skyte, Unite national officer, said: “Fujitsu Services is a …
John Oates, 15 May 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
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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
The Register breaking news

Leeds council cuts contractor rates

Leeds City Council is telling all its IT contractors to take a ten per cent pay cut. This has become standard practice for many private companies, especially hard-up banks, but is less common in the public sector. The contractor who contacted us felt the council was taking advantage of the economic downturn to force cuts on …
John Oates, 30 Mar 2009
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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
The Register breaking news

HP streams 'confidential' town hall meeting to world+dog

When HP senior vice president and general manager Joe Eazor opened today's EDS "Global Town Hall" meeting, he gave employees a stern warning about the evils of sharing top-secret HP info with anyone outside the company. HP employees have been known to share internal memos with the likes of, well, The Register. Just this week, …
Cade Metz, 19 Mar 2009
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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