Silicon Valley's Next Big Innovation: Pay Cuts

Rather than put more people on the street, Hewlett-Packard CEO Mark Hurd is cutting salaries by 5 percent or more across the board. It's a paycheck experiment never before tried at a company this large.

Rather than put more people on the street, Hewlett-Packard CEO Mark Hurd is cutting salaries by 5 percent or more across the board. It's a paycheck experiment never before tried at a company this large.
American companies spare no expense making their employees pay for the recession! Today's cuts: lunchtime, rubber bands, your, uh, job, and a full memo from Reed Business about everyone getting closer, and closer:
Your stupid corporate cost-cutting tips are pouring in, like the free water you used to enjoy at the office. Today's cuts: food, water, light, computers, trash cans, and everything at Harper's Bazaar. And dignity: