Cap Gemini to Slash Workforce
Nine thousand Cap Gemini employees received a voice mail message last week from a top executive requesting voluntary layoffs. The message was repeated in an e-mail format. The firm indicated that the use of telephone and e-mail was necessary to enable the message to get out to workers who might be at client sites, in transit, or at home.
If enough workers do not voluntarily step down, the firm will begin selecting employees for layoffs in January.
In addition, salaries of the top 10% of highest paid employees will be lowered so that they will be "in line with market rates," according to a report in The New York Times.