Comments on: HP employees to get pay cuts

By: ajoviedo

ajoviedo — Mon, 22 Nov 2010 10:27:39 +0000

guys.. abe… after one year, is it now okay to work for HP?:-)

By: mark hurd

mark hurd — Sun, 08 Aug 2010 14:22:27 +0000

better information very good man thank you very much.

By: Dilbert

Dilbert — Fri, 13 Mar 2009 01:11:07 +0000

interesting article you might want to read about this “paycut” since not “all” are disclosed by those announcements

http://www.damiansaunders.net/2009/02/26/commentary/hp-pay-cuts-an-unfair-act-of-economic-opportunism-and-greed/

By: wyvern

wyvern — Tue, 24 Feb 2009 21:29:04 +0000

The 68% – I think it was calculated here. Source: http://hpwfr.blogspot.com/2009/01/hurd-got-pay-valued-at-34-million-in-08.html

Mark Hurd’s 20% base salary deduction = 1% of his total benefits.
“In 2008 Hurd’s base pay was $1.45 million (£1.01 million), this was topped up by bonus, pension, share option and incentive payments, bringing the total package to $42.4 million. Hurd’s salary reduction on his base pay will be $290,000, less than one percent of his total package.” Source: http://www.computerworlduk.com/management/careers-hr/people-management/news-analysis/index.cfm?articleid=2085

Business Week’s Profile on Mark Hurd’s Income:
http://investing.businessweek.com/businessweek/research/stocks/people/person.asp?personId=214256&symbol=HPQ

To get around country’s laws, HP asks for “voluntary” employee agreement for pay cut. Source: http://www.channelregister.co.uk/2009/02/20/hp_pay_cuts_europe_not_compulsory/

History repeats itself? Seems pay cut was done in HP Asia in 2001, but was not enough to deter layoffs that came later: http://www.zdnetasia.com/news/hardware/0,39042972,20098515,00.htm

By: BrianB

BrianB — Tue, 24 Feb 2009 02:56:38 +0000

Quite acceptable except for the word “variablize.”

By: W@r_Br@!n

W@r_Br@!n — Tue, 24 Feb 2009 00:21:43 +0000

I’m an HP employee. It’s not true that Mark Hurd had a 68% increase in salary. He had a $68(point something) million in performance bonus and other company bonuses. He only has a base salary of 1.4M. Salaries and bonuses of CEOs are published and it’s not a secret. I got these figures in Yahoo! finance website.

It’s not that I’m protecting Mark or what but it’s better to provide true facts because wrong information just causes more trouble.

By: TheBrane

TheBrane — Mon, 23 Feb 2009 23:25:19 +0000

Hi Abe, Do you work at HP? You quoted the exact message in the e-mail. It’s OK to have pay cuts, i think its better than losing the job.

By: PinoyDigg

PinoyDigg — Mon, 23 Feb 2009 16:30:49 +0000

as of now, our country leadership team in HP has not released their official statement regarding this statement made by mark hurd. they are considering our labor code that regulates the reduction of salary. however, decision is yet to be released this week… balitaan ko n lan kayo kapag meron ng balita…

By: aeroz

aeroz — Mon, 23 Feb 2009 13:56:04 +0000

Is this really a world wide technology crisis?… OMG after the Intel Company and IBM here comes HP too… Whoooo, what will happen to Juan Dela Cruz I.T. experts…. But, its better to reduce the salary than reduce their people…

By: Pink

Pink — Mon, 23 Feb 2009 10:08:29 +0000

off topic- HAPPY BIRTHDAY YUGGER!

By: Char

Char — Mon, 23 Feb 2009 09:56:05 +0000

OMG! I thought everyone was silent about this news. I’m a Filipino and an HP employee here in Singapore. Well, probably most of the people think that we’re luckier.. coz a lot of employees from other companies have been terminated….

Too bad… sometimes i just wanna go back to philippines…. ;(

By: JCO

JCO — Mon, 23 Feb 2009 08:20:45 +0000

Good for those who are working in HP. Unlike other electronics company, they are laying off workers due to the financial situation. It is better to have a job with a lesser pay than no job at all.

By: Darren

Darren — Mon, 23 Feb 2009 07:43:55 +0000

it’s really worldwide scale, in Taiwan same issue also reported, sigh~~~

By: Unleashed

Unleashed — Mon, 23 Feb 2009 07:33:44 +0000

Yikes! One of my friends works there in HP Makati. Just last year, he was given a bonus package just to stay in the company (since many of his colleagues left for other companies) and now this. What a turn of events.

By: eMz

eMz — Mon, 23 Feb 2009 07:32:26 +0000

although it’s against the labour code, there’s apparently a clause saying if the government gives them permission, then it can be implemented. the employees will also need to sign contracts in relation to it.

yes, the makati office is affected (looks like it’s a worldwide thing for them), and it apparently shocked their top management as well. but i think the employees would rather take the paycut rather than risk losing their jobs.

By: beeps

beeps — Mon, 23 Feb 2009 05:54:16 +0000

Yugs, I believe that this is already accepted by DOLE (department of Labor & Employment) in reference with the existing Global financial crisis, Instead of down sizing the number of employees and giving retrenched benefits. This is better off than nothing(jobless).

By: TechPinas

TechPinas — Mon, 23 Feb 2009 05:50:26 +0000

Hmm, that’s interesting.

There has to be some sort of public or at least company-wide disclosure of HP’s financial status then.

By: ScIoN

ScIoN — Mon, 23 Feb 2009 05:01:08 +0000

My HP friend told me that HP CEO Mark Hurd had a 68% salary increase the year before, while common employees like him had barely an increase (less than 5%).

Yep, the HP folks in the Philippines are greatly affected, and unhappy. HP is not yet in the red anyway.