Dell complaints

[dennisl59]

> From: Chairman & CEO
> To: EMC ALL-Employees; 'decho-all@decho.com' <decho-all@decho.com>
> Sent: Thu Apr 23 07:58:39 2009
> Subject: Keeping EMC Strong
>
> For Internal Distribution Only
>
> To: EMC All
>
> Subject: Keeping EMC Strong
>
> I am committed to communicating with all of you about exactly what's going on with our company in the most straightforward way possible. So, here's where we stand. This morning we reported our first-quarter financial results. We pride ourselves on consistently strong execution-even in the midst of the toughest overall market since the Great Depression. You can read the details in our news release located here. www.emc.com/about/news/press/2009/20090423-earnings.htm <http://www.emc.com/about/news/press/2009/20090423-earnings.htm>;
>
> Given the synchronized global downturn and the significant pressure on customers' budgets and IT spending, our Q1 performance, while not up to our own expectations, was still pretty solid. As always, you put in very long hours and made tremendous efforts to execute our strategy and give customers the best possible total experience. Thank you very, very much for your dedication.
>
> The resilience of our business during Q1 reinforces my long-term view of our company's prospects. I am convinced that we are operating from strength with a winning strategy and vision, the strongest product cycle in our history, a very large and loyal customer franchise, a vital set of strategic alliance partners, and, best of all, thousands of the industry's most talented people around the world.
>
> At the same time, I know - as do all of you -- that the global economy is experiencing its most severe recession in decades. The latest consensus forecast from economists is that the global economy will actually shrink this year (by 1.6%) for the first time since the mid-1940s. We now expect global IT spending to decline by a high-single-digit to low-double-digit percentage this year compared with last year. In addition, many of our customers are practicing what I call "just-in-time, just-enough" IT spending.
>
> Having anticipated most of these developments, we've been working for more than a year to carefully reduce our non-people-related costs. In early January, we announced a far-reaching restructuring program, part of which involved reducing our global information infrastructure workforce by about 2,400 people. We are now about halfway through this workforce reduction and will complete the balance later this year.
>
> But in light of everything we know today, we now need to take additional steps to further align our costs with our revenue. I have been hearing from hundreds of you across our great company who have offered constructive and creative ideas for how we can continue to drive EMC's costs down. The most common theme is this: Let's do whatever it takes to best serve our customers while preserving EMC jobs. I couldn't agree more. Clearly, our people are the heart and soul of EMC, the engine of our growth, and the key to delivering the best total customer experience in the industry. I appreciate your dedication to our colleagues and our customers around the world.
>
> After examining many different what-if scenarios and thinking long and hard about what to do, we have come up with an approach -- guided by suggestions from EMC people around the world -- that we believe will preserve jobs while helping us save EMC an additional $100 million this year. These savings, when added to our original plan of lowering our costs by $350 million, should enable us to reduce EMC's 2009 Information Infrastructure cost base by about $450 million this year, increasing to about $500 million in 2010.
>
> Our plan is to institute a temporary base pay reduction of 5 percent that will apply to our employees around the world. This pay reduction will take effect on May 1 in the U.S. and on June 1 internationally, and will remain in place until December 31, 2009. Where local law requires, this pay reduction will be voluntary.
>
> The reduction in pay will not apply to EMC people who are in job grades 42 to 45, which we refer to as "non-exempt" in the U.S. For employees in these job grades, we will be eliminating overtime work for the remainder of the year, except for those who are working in customer-facing roles or in production roles within our manufacturing facilities during the quarter-end crunch.
>
> Please recognize that a global company facing an economic environment that is difficult across the world needs everyone, from every geography, to participate and make a sacrifice. We are all in this together. This reduction in pay applies to me and my entire staff and is in addition to the pay cuts (ranging from 5% to more than 20%) that the senior management team and I signed up for in January. In an expression of unity, our fully engaged and supportive Board members, who reduced their pay by 10% in January, have also signed up for this new 5% reduction.
>
> I want you all to know that the 5 percent reduction in base pay plus all of the other actions we are taking to reduce costs will translate into saving more than 2,000 jobs at EMC this year. That's how important this action is.
>
> I understand that even a modest cut in pay can create a real hardship. I recognize the significance of that sacrifice. As an accommodation we have decided to grant every EMC employee affected by this pay cut five days (or 40 hours' worth) of additional paid time off.
>
> In addition to the global reduction in pay, we are making two other changes, again as part of our effort to preserve 2,000 jobs this year. First, we are making a change to the Employee Stock Purchase Plan (ESPP). Historically, those participating in the ESPP have been able to purchase EMC stock at a 15% discount of its closing price at either the beginning or end dates of the six-month period, whichever offers the lower closing price. We are eliminating this "look-back" feature, effective July 1, which means that ESPP participants will still be able to purchase EMC stock at a 15% discount from its closing price, but that price will now be the one at the end of the six-month period.
>
> Second, for U.S. and Canada-based employees, we are temporarily suspending the EMC match to the U.S. 401(k) Savings Plan and to the Canadian Deferred Profit Sharing Plan for the next four quarters. I truly understand how the market meltdown has hurt everyone's defined contribution plan. So we have received approval from the Board of Directors to offer those who participate in these plans over this period a grant of restricted EMC stock units with a value of up to a maximum of $3,000, which would be equivalent to the $750 maximum match per quarter. This grant would be issued in 2010 at the end of the suspension of the company match, and vest over two years.
>
> We've known from the start that 2009 would be a challenging year. We also know that EMC is operating from a position of strength. In fact, as VMware CEO Paul Maritz and I discussed with literally hundreds of financial and industry analysts at the EMC Strategic Forum in Boston last month, EMC has an exciting, customer-oriented, and long-range vision of transforming the data center of the future and making it highly virtualized with all of the benefits of cloud computing. Investors are very receptive to our vision. (I encourage you to view our presentations here <http://powerlink.emc.com/km/appmanager/km/secureDesktop?internalId=0b01406680078ca8>; .) To implement this bold vision, to fully capitalize on our strong product cycle, to delight our customers, and, above all, to thrive, we need the collective power and dedication of EMC people around the world.
>
> I also want you to know that your management team and I are very serious about our commitment to stay close, listen carefully to your ideas, and communicate fully and frequently. We've learned a great deal, for example, by following the cost saving discussions on EMC|ONE. Another important way we have of taking the pulse of EMC is the worldwide employee survey, the ESMS-Employee Satisfaction Measurement Survey. We will be launching this survey in July. More details will follow soon.
>
> I'm charged up about our future and very proud of all of you.
>
> Joe
>

[Tailmon]

For some reason the pay cuts never seem to include the Upper crust of Dhell. This is where they can save hundreds of millions but never do. They always kick the little guy in the groin. One needs to find and wear the Hip waders to get through the Pure Bullshit of this memo! It's pure propaganda and crap.
_________________
Former employee of Dell and can say that they
definitely Suck!

[let_mikey_eat_it]

EMC (alias Evil Machine Company) is worse of a company than dHell ever was, although dHell is catching up quickly. I previously worked at both and, like Tailmon says, "they definitely Suck!"

[Starman97]

Pay cuts for upper management mean nothing. They get paid 10X base pay in non-performance (as in the overall company bottom line) bonus.
5% base pay is more like a rounding error on their overall payment package.