4 ms·
He went further and said that several years before that, when there had been a recession, everyone at HP -- all the way up and down the ladder -- worked 9 days
by bmj 7y ago
He went further and said that several years before that, when there had been a recession, everyone at HP -- all the way up and down the ladder -- worked 9 days out of 10, and took a 10% salary cut, in order to ensure that there wouldn't be any layoffs.
I have a good friend who has helmed several very successful software companies. His philosophy is quite different: it is unfair to ask employees to work take a pay cut (and work more hours) when they could find another job that would potentially pay them more money.
I'm not posting this to argue with the HP philosophy, but rather to point out that there are other ways for management to care about their employees.
For the record, I stuck with my current employer through some hard times (forced furlough was the worst of it) because I appreciated what the leadership was doing, and believed in the goals of the organization.
- ahelwer 7y agoDoesn't pass the sniff test. Employees can find another job while working at the place they got a pay cut. Sorry to say but your friend might have terminal executive-brain.
- xondono 7y agoWell, they can always leave if they can find such another job. I'd love to been suggested that arrangement instead of the "We're sorry we are out of money" excuse I got (while the company was heavily spending in other stuff). 3 months later they "got a new client" and posted new job ads to hire back the positions (while swapping all senior positions with junior staff). What angers me about the situation is not that I was laid off, but that it was a decision only justifiable by focusing exclusively in the short term.
- fleetingmoments 7y agoI'd much rather have a juicy severance package. If I leave out of my own volition I don't get the ~3 months' salary.