Tech companies force workers into paid time off
Posted
Nov 24 2008, 11:45 AM
by
Kim Peterson
Rating:
Cisco Systems and Hewlett-Packard are turning out the lights in December, forcing employees into paid time off to save money. Cisco will shut down its offices from Dec. 29 through Jan. 2, and is "strongly" encouraging workers to also stay home for three days before Christmas, according to an internal memo obtained by Valleywag.
Company-funded parties are out. The memo asks workers to celebrate in "creative ways that result in no cost to the company." Hey, how about making Christmas ornaments with leftover toilet paper rolls?
Cisco is also cutting back on hiring and employee travel. And it's carefully reviewing spending on equipment, employee training, big purchases and outside services.
Memos like these are popping up at companies from coast to coast. H-P is extending its one-week holiday closure by an additional week. Micron is making a similar move. And Dell wants employees to take five days off -- but without pay.
Forcing people into holiday vacation means employees are being paid to do no work. But that's cheaper than running a huge company at a time when most workers are gone anyway, and when nothing really gets done.
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