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Word: delling (lookup in dictionary) (lookup stats)
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...early this year, rumors were rampant that job cuts were coming. But Dell traditionally kept a 10% to 30% buffer of temps and contractors, who normally get the boot during slow times. The company usually lays off an additional 10% of full-time staff after annual evaluations in February. The regular staff had hoped that those traditional purges, which happened again this year, would be all that were needed...

Author: /time Magazine | Title: Inside A Layoff | 4/16/2001 | See Source »

Many of the fired workers object to the way they were let go. Just days before D-day, as Feb. 15 is now known at Dell, management was denying planned job cuts. On D-day, officers from the Texas Department of Public Safety showed up at the Dell campus to escort the doomed to their cars. Workers were encouraged to sign "the bribe," an agreement not to discuss their package or sue Dell, in exchange for up to four extra weeks of severance...

Author: /time Magazine | Title: Inside A Layoff | 4/16/2001 | See Source »

...biggest complaints among redundant Dell workers is that the company has not explained how it chose whom to fire. Dell rigorously evaluates its employees, ranking each on a descending 1-to-5 scale; fives get fired first. But performance didn't seem to matter this time. "The first guy in my department to go was the second highest rated on the team," says Davidson. "It was more like a shotgun blast, or a lottery...

Author: /time Magazine | Title: Inside A Layoff | 4/16/2001 | See Source »

Some of the workers let go accuse Dell of targeting older, more highly paid workers. "The people left are not the ones who built the company," says Peterson. "We did all the sweat, and now they're getting our stock options." Dell counters that older workers who say they were singled out are just expressing sour grapes or don't understand where they fit in the process...

Author: /time Magazine | Title: Inside A Layoff | 4/16/2001 | See Source »

Some say management's choices don't make business sense. Randy Schleicher, 52, who lost his job as a network analyst, says he heard from someone still employed at Dell that the plant making computer portables was on hold for an hour because there wasn't enough tech help after the job cuts. At $11,000 a minute, he says, that would be an expensive delay...

Author: /time Magazine | Title: Inside A Layoff | 4/16/2001 | See Source »

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