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Like the retailer standing inside his own empty front door, peering out at punters, closing up early for Christmas is a clue that outfits, particularly carmakers, are on the skids. But in a sign the global downturn has spread beyond traditional industries, seven IT giants of Silicon Valley are reported to have enforced early closure and staff holidays. Hewlett-Packard, Dell, Cisco Systems, CSC, Advanced Micro Devices, Texas Instruments and Adobe are already out-of-office for the festivities, some until January 5, 2009. Just those workers involved in “critical customer support” remain to turn the lights off at HP, the Financial Times reported, following months of sector-wide belt-tightening by buyers. However, the company was said to have told workers six days of the two-week shutdown would be deducted from their annual time off, despite it being mandatory. Workers at CSC were said to be affected by a similar policy – though both orders seem at odds with the season of goodwill, given most US staff have only 10 days of vacation a year. It is understood that at some of the named companies, where the worker has no holiday entitlement due, or where it cannot be saved for next year, they must take unpaid leave. Different cost-cutting has hit Google, until recently deemed near recession-proof, in the shape of perk cut-backs, such as fewer on-site eateries in the evening and less manpower for pet projects. Dec 23, 2008 Email this article Printer friendly page Previous Page
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