Dell Technologies suspended some employee advantages to ease cash meltdown

Technology News

Dell Technologies is off 5.5% these days after the organization suspended some employee advantages amongst actions to hold cash inside the recession.

It will stop matching contributions to employees' 401(k) retirement plans starting June 1, and continuing as a minimum thru the end of the monetary year.

It's also freezing external hiring, internal promotions and raises for that duration, Bloomberg reports, in addition to an inner commendation reward system.

“Like all companies proper now, we’re constantly comparing our business to plan for resiliency in the current environment and to assist our crew members, customers, and network in a way that sets us all up for success at the other aspect of this pandemic,” Dell says in response.

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.