Sorry!! The article you are trying to read is not available now.
Thank you very much;
you're only a step away from
downloading your reports.

Quick Hits: Dell to Force Employees to Take a Week's Vacation

By

Brief scrutiny of today's headlines.

PrintPRINT
Given a choice, would you rather take 5 days of unpaid vacation and keep your job - or have no job?

Dell (DELL) has asked workers to consider taking up to 5 days of unpaid vacation in an effort to cut costs, as worldwide demand for personal computers slumps in the sour economy.

Dell has nearly completed slashing about 8,500 of 8,900 planned job cuts and has announced a worldwide hiring freeze. It's also offering voluntary severance packages. The company said it plans to achieve an annual savings of $3 billion a year in 3 years.

The job cuts are part of the company's generally successful effort to remake itself.

Dell faces increasingly stiff competition from sector leader Hewlett-Packard (HPQ) and the cult-like devotion of a few to all things Apple (AAPL).

Dell reported a sharp drop in profits in its second quarter. The company said it plans to increase market share in emerging markets, such as India.

Dell is betting a good chunk of its future on "cloud computing" - or services and programs delivered over a network rather than fixed on an office computer.

Right now, Dell has its eye fixed on the bottom line. Without the job cuts and voluntary time off without pay, talk of "cloud computing" is just Never-Never Land stuff.
No positions in stocks mentioned.
The information on this website solely reflects the analysis of or opinion about the performance of securities and financial markets by the writers whose articles appear on the site. The views expressed by the writers are not necessarily the views of Minyanville Media, Inc. or members of its management. Nothing contained on the website is intended to constitute a recommendation or advice addressed to an individual investor or category of investors to purchase, sell or hold any security, or to take any action with respect to the prospective movement of the securities markets or to solicit the purchase or sale of any security. Any investment decisions must be made by the reader either individually or in consultation with his or her investment professional. Minyanville writers and staff may trade or hold positions in securities that are discussed in articles appearing on the website. Writers of articles are required to disclose whether they have a position in any stock or fund discussed in an article, but are not permitted to disclose the size or direction of the position. Nothing on this website is intended to solicit business of any kind for a writer's business or fund. Minyanville management and staff as well as contributing writers will not respond to emails or other communications requesting investment advice.

Copyright 2011 Minyanville Media, Inc. All Rights Reserved.
PrintPRINT
 
Featured Videos

WHAT'S POPULAR IN THE VILLE