Interesting People mailing list archives

Microsoft's Ballmer calls for $1bn cuts - printer friendly - silicon.com


From: David Farber <dave () farber net>
Date: Thu, 08 Jul 2004 06:49:52 -0400

http://management.silicon.com/careers/0,39024671,39121997,00.htm
Microsoft's Ballmer calls for $1bn cuts
Jo Best
silicon.com
July 07, 2004

Microsoft CEO Steve Ballmer has told employees in an email that he wants the company to save $1bn in the coming year – and if that means getting rid of company drinks machines, that's a step he's prepared to take.


The memo suggested that the world's biggest software company could save itself hundreds of millions if it revamped its advertising and marketing behaviour. Other cuts have already been decided on, like reducing the discount Microsoft employees get knocked off their prescription drugs.


The bid to reduce costs has also meant that new employees to Microsoft will get less annual leave and less time in which they can take their parental leave. Other, smaller bonuses were removed - the towels disappeared out of the Microsoft locker rooms, for example.


However, in the initial round of cost-cutting, there were promises the company wouldn't take the axe to its free drinks policy. In these tough times, nothing is sacred, it appears.


Ballmer told the Seattle Times: "We're looking to take cost out of the delivery of soda pop. That may mean going from coolers to soda dispensers."




Copyright © 2003 CNET Networks, Inc. All Rights Reserved.
silicon.com is a registered service mark of CNET Networks, Inc.
silicon.com Logo is a service mark of CNET NETWORKS, Inc.
<http://management.silicon.com/careers/print.htm? TYPE=story&AT=39121997-39024729t-40000030c>

-------------------------------------
You are subscribed as interesting-people () lists elistx com
To manage your subscription, go to
 http://v2.listbox.com/member/?listname=ip

Archives at: http://www.interesting-people.org/archives/interesting-people/


Current thread: