Overheard from HR Manager today: Managers will be notified on Monday Aug. 22 about pay cuts for their employees. Letters will be sent on Aug. 25 to all employees indicating 10-15% pay cuts. They are hoping to get additional people to quit, so severance will not have to be paid.
18 replies (most recent on top)
To @IV5PhZq... In order to help you with your 10-15% pay cut, the coffee is on me today... hehehe What an @ss...
I knew this post was pure BS since the very beginning...
I hope whoever posted the sky is falling gets laid off in the next round so they understand how others feel that are going through total turmoil and learns a life lesson.
Well its the 22nd and no email from HR. Suspect the context of the OP has been lost. I wonder if its just for a particular business unit or business stream.
Anyone who says things are "not bad" at HPE obviously doesn't work in ES. The layoffs have been brutal and we know there are many more to come before the spin-merge with CSC in March.
@IV5PhZq-5sgv... Maybe not bad for you. If your little world hasn't been impacted, that's wonderful for you and your team, but please, don't loose the perspective that HPE is a big Company and there are plenty of teams that are going through hell right now. That's exactly why Companies like HPE can get away with things... It's so big, and employees are so focused on their individual worlds, that there is no real fight back from an organized workforce. If HPE employees would have been unionized in the US, I can guarantee you things would have been VERY different... Not all Unions are good ones, but sometimes they are really a necessary evil to fight back the abuse.
This board exaggerates a lot. At HPE, things can be better but they are certainly not bad...
They will have to pay to get rid of me!
What everyone should worry about is the fact that HPE has not made any public comments about future strategy. Cisco is public in saying they are moving to security and software companies. We have do idea where HPE is headed ie broken up more, sell Software, go private.
These fools think that they have to make these huge changes when they should only be adjusting. There problem is that they miss the trends and are late and then have to pull plugs.
Meg gave me a big laugh when our internal SharePoint sites were migrated to Microsoft Office 365 cloud. We received an email from Meg claiming this as one of her personal accomplishments and a gift to all of us. Haha, sorry meg but this is not going to win you any points with any of the clients and BTW you are very late to the cloud party.
With Meg in charge anything is possible. She runs a company from a pure financial point of view. It is also called Excel spreadsheet method of running a company. The innovation compartment of her brain is empty and has been like that forever. She's cut any number of employees and their pays to any extent to get the numbers right on the spreadsheet. And this is no joke.
Stop w/ the BS doom.
I really doubt this will happen - at least not on a mass scale. No bonuses or salary increases are now the norm, but pay cuts... And 10-15%? Come'on... I won't stress a bit about this.
There were pay cuts across the workforce when EDS got bought also leveling of job classifications and last year demoted managers with a couple of direct reports to non-manager status. Nothing new here and some of the above may have been with good reason. except that when things are going well there was never a recognition or reward- executives got bonuses but few others.
I know of only one group at HPE that deserves a pay cut, and one individual in particular. If they had any sense of decency, they'd vote their own pay cuts and save the company millions - but we know that won't happen.
These idiots are shameless.
They've forced the 5% cut before and there was no mass exodus. Something like 10-15% may be a different story. It's not that employees are not willing to cut if things are bad, but that there is no extra reward when things are good. Personally, not sure things are bad or just horribly managed and I lean towards the later.
To be fair, this site is for rumors, and I don't think the OP said the sky was falling. If this rumor is true, it's not really a good thing.
Omg everyone panic! Call in sick! Sound the alarm! The sky is falling!!!!! The sky is falling!!!!!